Tag Archives: daily

June ISM Manufacturing, May Pending Home Sales, Construction Spending

U.S. Manufacturing Logs Another Strong Month, Europe Not So Much The ISM Manufacturing Index for June ticked down to a still-strong 55.3 percent. The Pending Home Sales Index for May increased by 6.1 percent. May Construction Spending increased by 0.1 … Continue reading

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May Income and Spending, Q1 GDP Revision, June UI Claims

Q1 GDP Revised Down Again, May Income/Spending Data Consistent with Q2 GDP Rebound U.S. Personal Income increased by 0.4 percent in May, with solid wage growth. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.2 percent. … Continue reading

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May Home Sales, June Consumer Confidence, April Case-Shiller House Prices

Both New and Existing Home Sales Improve, Bolstering Expectations for a GDP Rebound New Home Sales for May jumped by 18.6 percent to reach a 504,000 unit annual rate. Existing Home Sales for May increased by 4.9 percent, to an … Continue reading

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May U.S. Employment

U.S. Payroll Employment Reaches New All-Time High, May U. Rate Steady at 6.3 Percent The May Payroll Employment Survey showed a gain of 217,000 jobs. April was revised down slightly. The Unemployment Rate for May was unchanged at 6.3 percent. … Continue reading

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May ADP Employment, ISM Surveys, Auto Sales, April International Trade

Mixed Bag of Data Mostly Positive, Consistent With Ongoing Moderate Expansion The ADP Employment Report for May showed a moderate increase of 179,000 private-sector jobs. The ISM Manufacturing Index for May improved to 55.4 percent, indicative of healthy conditions. The … Continue reading

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April Existing Home Sales, Leading Indicators, May UI Claims

Existing Home Sales Stabilize After a Big Slide Existing Home Sales for April ticked up by 1.3 percent, to an annual rate of 4.65 million units. The Conference Board’s Leading Economic Index increased by 0.4 percent in April. Initial Claims … Continue reading

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April Consumer and Producer Prices, Industrial Production, May UI Claims

Inflation Indicators Warming Up, Production Cooler in April, Claims Good  The April Consumer Price Index increased by a strong 0.3 percent, with broad-based gains. The April Core CPI increased by 0.2 percent, and was up 1.8 percent over 12 months. … Continue reading

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April Retail Sales, NFIB Survey, March Business Inventories

Sales Soft After March Surge, Business Sentiment Strengthens, Inventories Sag  April Retail Sales were essentially unchanged, gaining 0.1 percent after a strong March. Ex-auto Retail Sales were unchanged for the month, weighed down by electronics and appliances. The National Federation … Continue reading

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Yellen Testimony, Q1 Productivity, April ISM-NMF, March Trade

No Surprises from Yellen Testimony, Eyes on Housing  FOMC Chairwoman Janet Yellen delivered reassuring testimony before the Joint Economic Committee. U.S. Nonfarm Productivity declined at a 1.7 percent annual rate in the first quarter of 2014. Unit Labor Costs increased … Continue reading

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April U.S. Employment, Auto Sales

Upside Surprise as Job Growth Hits 288K, U Rate Down to 6.3 Percent The April Payroll Employment Survey showed a much better-than-expected gain of 288,000 jobs. The Unemployment Rate for April fell to 6.3 percent, but not for good reasons. … Continue reading

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