According to data from the US Department of Commerce, housing starts in the US fell by around 7 percent monthly, while economists surveyed by Bloomberg had expected a 2.6 percent monthly decline.
While housing starts were 1 million 534 thousand in July, the market expectation was that a housing start data of 1 million 600 thousand would come. Construction permits increased to 1 million 635 thousand in July.
Retail sales in the US fell more than expected in July, while factory output continued to increase for the fourth month in a row.
Retail sales in the US decreased by 1.1 percent in July compared to the previous month, while the expectations of economists participating in the Bloomberg survey were for a decrease of 0.3 percent.
The US Federal Reserve (Fed) announced industrial production and capacity utilization data for July. Accordingly, industrial production in the country increased by 0.9 percent in July compared to the previous month.
The data, which increased above market expectations, was expected to increase by 0.5 percent. Industrial production rose 0.2 percent in June.
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