ABA Data Bank: EAC forecasts recovering GDP growth and receding inflation
The ABA Economic Advisory Committee forecasts real GDP growth gradually returning to 2% and inflation falling to the Fed’s 2%...
Economy
272,000 jobs added in May, unemployment rate edged up to 4.0%
The U.S. economy added 272,000 nonfarm jobs in May, the Labor Department said.
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage averaged 6.99% this week, down from last week when it averaged 7.03%
U.S. international trade deficit increases in April
The international trade deficit in goods and services was $74.6 billion in April, up from $68.6 billion in March, the...
ISM: Service sector grew in May
The ISM Services Index increased 4.4 percentage points (pp) to 53.8%, after contracting in April for the first time since...
ADP: 152,000 jobs gained in May
The non-farm private sector gained 152,000 jobs in May, according to the ADP National Employment Report.
Factory orders increase in April
New orders of manufactured goods increased $4.3 billion or 0.7% from the prior month to $588.2 billion in April, the...
Manufacturing sector contracted in May
The ISM services index declined 0.5% from the prior month to land at 48.7% in May, the Institute for Supply...
Construction spending edged down in April
Construction spending in April was at a seasonally adjusted annual rate of $2.1 trillion, 0.1% below the revised March estimate,...
NB Bancorp added to ABA Nasdaq Community Bank Index
ABA added NB Bancorp, headquartered in Needham, Massachusetts, to the ABA NASDAQ Community Bank Index, or ABAQ.
