- May consumer credit outstanding increased at an annual rate of 7.4%. Revolving credits increased at an annual rate of 2.5%, while non-revolving credits increased 9.3%.
- The federal government budget ran a surplus of $70.5 billion in June, after a deficit of $130.0 billion in the previous month.
- Wholesalers’ inventories rose 0.5% in May, while sales rose 0.7%.
- The advance figure for initial claims for unemployment insurance decreased 11 thousand to 304 thousand in the week ending July 5.
- The results of Freddie Mac’s Primary Mortgage Market Survey of July 10th showed average fixed mortgage rates little changed from the previous week.
- Mortgage applications increased 1.9% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 4th.
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