• Real GDP increased at an annual rate of 1.2% in the second quarter, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8%.
  • The price index for gross domestic product increased 2.2% in the second quarter, following a 0.5% increase in the first quarter.
  • The employment cost index rose 0.6% in the second quarter, the same increase as in the previous quarter. The index was up 2.3% from a year ago.
  • The advance figure for initial claims for unemployment insurance was 266 thousand in the week ending July 23, an increase of 14 thousand from the previous week’s revised level. The 4-week moving average was 256.5 thousand, a decrease of a thousand from the previous week’s revised average.
  • Mortgage applications decreased 11.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 22nd.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment decreased to 90.0 July, from 93.5 in June.

 

  • Existing home sales increased 1.1% to a seasonally adjusted annual rate of 5.57 million in June, from 5.51 million in May, according to the National Association of Realtors. The index in June was up 3.0% from a year ago.
  • The median existing home price in June was $247.7 thousand, up 4.7% from June 2015.
  • Housing starts rose 4.8% in June, while building permits increased 1.5%.
  • Mortgage applications decreased 1.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 15th.
  • The advance figure for initial claims for unemployment insurance was 253 thousand in the week ending July 16, a decrease of a thousand from the previous week’s level. The 4-week moving average was 257.75 thousand, a decrease of 1.25 thousand from the previous week’s average.
  • Advance estimates of retail and food services sales for June were up 0.6%, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were up 0.7%.
  • Total manufacturing and trade inventories were up 0.2% in May, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.40, compared with 1.37 a year ago.
  • Total Industrial production, which decreased 0.3% in May, increased 0.6% in June. The rate of capacity utilization increased 0.5 percentage point to 75.4%.
  • The consumer price index increased 0.2% in June, the same increase as in the previous month. The core index increased 0.2%, the same increase as in the previous month. The consumer price index increased 1.0% for the 12-month period ending in June, while the core index rose 2.3%.
  • The producer price index for total final demand increased 0.5% in June, while the index for final demand goods less foods and energy increased 0.4%. The producer price index for final demand increased 0.3% from June 2015, while the core index increased 1.3%.
  • The import price index increased 0.2% in June, while the export price index increased 0.8%. The import price index decreased 4.8% from June 2015 to June 2016, while the price index for exports decreased 3.5%.
  • The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending July 9, unchanged from the previous week. The 4-week moving average was 259 thousand, a decrease of 5.75 thousand from the previous week’s average.
  • Mortgage applications increased 7.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 8th.
  • Total non-farm payroll employment rose 287 thousand in June, following an increase of 11 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
  • The unemployment rate increased to 4.9% in June, from 4.7% in May.
  • The average workweek of all employees on private nonfarm payrolls held steady at 34.4 hours. Average hourly earnings increased 0.1%.
  • The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending July 2, a decrease of 16 thousand from the previous week’s revised level. The 4-week moving average was 264.75 thousand, a decrease of 2.5 thousand from the previous week’s revised average.
  • Mortgage applications increased 14.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 1st.

 

  • Real GDP increased at an annual rate of 1.1% in the first quarter, according to the “third” estimate released by the Bureau of Economic Analysis. In the previous quarter, real GDP increased 0.8%.
  • The price index for gross domestic product increased 0.4% in the first quarter, following a 0.6% increase in the previous quarter.
  • Personal income increased 0.2% in May, and personal consumption expenditures increased 0.4%.
  • The price index for personal consumption expenditures increased 0.2% in May.  The price index (headline index) was up 0.9% from May 2015, while the core index was up 1.6%.
  • The advance figure for initial claims for unemployment insurance was 268 thousand in the week ending June 25, an increase of 10 thousand from the previous week’s revised level. The 4-week moving average was 266.75 thousand, unchanged from the previous week’s revised average.
  • Mortgage applications decreased 2.6% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 24th.