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U.S. Retail Sales Growth Exceeds Estimates In May

U.S. Retail Sales Growth Exceeds Estimates In May

Retail sales in the U.S. increased by much more than expected in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales grew by 0.9 percent in May after rising by a downwardly revised 0.4 percent in April. Economists had expected retail sales to climb by 0.5 percent.
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U.S. Import Prices Surge 1.9% In May, Much More Than Expected

U.S. Import Prices Surge 1.9% In May, Much More Than Expected

A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
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U.S. Housing Starts Plunge 15.4% In May, Much More Than Expected

U.S. Housing Starts Plunge 15.4% In May, Much More Than Expected

The Commerce Department released a report on Tuesday showing another steep drop in new residential construction in the U.S. in the month of May. The report said housing starts plunged by 15.4 percent to an annual rate of 1.177 million in May after tumbling by 8.5 percent to a revised rate of 1.392 million in April.
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U.S. Homebuilder Confidence Dips Slightly More Than Expected In June

U.S. Homebuilder Confidence Dips Slightly More Than Expected In June

Homebuilder confidence has seen a modest deterioration in the month of June, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 35 in June after jumping to 37 in May. Economists had expected the index to edge down to 36.
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U.S. Industrial Production Inches Up 0.1% In May, Slightly Less Than Expected

U.S. Industrial Production Inches Up 0.1% In May, Slightly Less Than Expected

A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial production to rise by 0.2 percent.
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New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth

New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth

After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
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