Key Economic Indicators – June 2, 2014

  • Real GDP decreased at an annual rate of 1.0% in the first quarter, after increasing 2.6% in the fourth quarter of 2013.
  • The price index for gross domestic purchases increased 1.3% in the first quarter, compared to an increase of 1.6% in the previous quarter.
  • Corporate profits decreased to $1,880 billion in the first quarter, from $1,905 billion in the previous quarter.
  • Personal income increased 0.3%, in April, while personal consumption expenditures decreased 0.1%.
  • The price index for personal consumption expenditures increased 0.2% in April, the same increase as in the previous month. The core index also increased 0.2%. The price index (headline index) was up 1.6% from April 2013, while the core index was up 1.4%
  • New orders for manufactured durable goods increased 0.8% in April, following a 3.6% increase in the previous month.
  • The advance figure for initial claims for unemployment insurance decreased 27 thousand to 300 thousand in the week ending May 24.
  • The results of Freddie Mac’s Primary Mortgage Market Survey of May 29th showed average fixed mortgage rates decreasing for the fifth consecutive week.
  • Mortgage applications decreased 1.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 23rd.
  • The Conference Board’s consumer confidence index increased slightly in May.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment slipped in May.

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