U.S. Economic Radar: GDP, PMI, SSS, M2 and More

U.S. Economic Radar: GDP, PMI, SSS, M2 and More

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

Barron’s Mailbag June 1962: Irving Kahn On False Comparisons

irving kahn Irving KahnThe following letter from Irving Kahn appeared in the June 25, 1962, issue of Barron’s. Irving Kahn wrote to Barron's criticising the publication’s comparison of the 1962 market crash to that of 1929. Irving Kahn points out that based on volume and trading data, the 1962 decline was a drop in the ocean compared to Read More

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

Via: floatingpath.com

No posts to display