Recap of this week’s U.S. economic events:

  1. The second estimate of GDP growth in Q2 was +2.5% from the advance estimate of +1.7%.
  2. Real disposable personal income and expenditures were little changed in July.
  3. The Chicago PMI increased to 53.0 indicating economic expansion at a faster pace.
  4. Consumer confidence increased slightly to a reading of 81.5.
  5. The final reading of consumer sentiment in August was a decrease to 82.1.
  6. The Case-Shiller house price index was up 12.1% year over year in June.
  7. New orders for durable goods fell 7.3% in July.
  8. The Dallas Fed manufacturing survey increased to a reading of +5.0.
  9. Richmond Fed manufacturing also increased moving to +14 and into expansion.
  10. Vehicle miles driven on all roads and streets decreased 0.4% Y/Y in June.
  11. Initial jobless claims for the week decreased to a seasonally adjusted 331k. The insured unemployment rate was unchanged at 2.3%.
  12. The M2 money supply decreased 0.17% week over week.
  13. Weekly store sales were little changed and are up 2.3% Y/Y (4 week MA) and up 3.7% Y/Y (4 week MA).

Further U.S. economy reading:

Economic Radar

Schedule for the week ahead:

Monday, September 2, 2013

  • Labor Day – National Holiday

Tuesday, September 3, 2013

Wednesday, September 4, 2013

Thursday, September 5, 2013

Friday, September 6, 2013