Economy, June | featured news

New orders for a range of long-lasting manufactured goods fell in June and a gauge of planned business spending plans dropped, pointing to a slowdown in factory activity. The Commerce Department said on Thursday durable goods orders excluding transportation dropped 1.1 percent, the biggest decline since January, after rising 0.8 percent in May. Economists had forecast this category being flat last month.

Consumer sentiment dropped to a six-month low in June as Americans' view of the economy soured, a survey released on Friday showed.

Consumer prices fell slightly more than expected in June to post their biggest drop in a year on weak gasoline costs, government data showed on Friday, pointing to a cooling in commodity-driven inflation pressures.

Consumer confidence fell in June to the lowest point since November 2010 on concerns about the slack labor market and sputtering recovery, according to a Conference Board report released on Tuesday.

U.S. consumer sentiment worsened more than expected in June on renewed concerns about the outlook for the economy, while worries about inflation eased modestly, a survey released on Friday showed.

The pace of consumer spending stalled in June and personal incomes failed to increase, further evidence that the economic recovery slowed in the spring.

Retail sales fell in June for the second straight month, more evidence that the U.S. economic recovery will slow in the second half of the year.

The U.S. service sector grew in June for a sixth straight month but the rate of growth slowed more than expected and hit its lowest since February, according to an industry report released on Tuesday.

Private employers add 83,000 jobs in June, more than double the rate in May but still below the numbers that would suggest a strong recovery.