Economic indicators

The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported slower growth in October, with tariffs causing supply issues.

Pending home sales climbed 0.5% to an index reading of 104.6 in September, after a revised 1.9% fall to 104.1 in August.

The value of U.S. durable goods new orders were stronger than expected, rising by 0.8% in September compared with the 1.0% decline forecast.

Initial claims U.S. state unemployment benefits rose by 5,000 to 215,000 in the October 20 week, right on expectations and showing signs of an impact from Hurricane Michael.

Rising materials and shipping costs due in part to tariffs and difficulty finding qualified workers are among the top concerns for businesses.

U.S. purchases of new homes fell more than estimated in September to the weakest pace since December 2016.

Service sector “activity softened in October,” according to the Federal Reserve Bank of Richmond service-sector activity survey.

Manufacturing growth in the central Atlantic region “expanded moderately in October,” while prices accelerated.

The region's services sector expanded at a steady pace, as the general business conditions index grew to 37.6 in October from 37.4 in September,

The Chicago Fed National Activity Index for September declined to 0.17 from an upwardly revised 0.27 in August.

September existing home sales fell to the lowest point since November 2015.

The composite of the Leading Economic Index was up 0.5% in September following a 0.4% gain in August, the Conference Board said Thursday.

Initial claims U.S. state unemployment benefits fell by 5,000 to 210,000 in the October 13 employment survey week.

Manufacturers report expansion at a slightly slower rate in October, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported price indexes were “lower than their readings for most of this year.”

Labor market “activity declined and momentum remained high in September.”

U.S. new-home construction fell in September on a decline in the South that may reflect disruptions from Hurricane Florence.

Builders’ confidence in the market for new single-family homes climbed in October.

Industrial production grew 0.3% in September, the Federal Reserve reported Tuesday.

New York service sector activity “grew modestly” in October.