Browsing: Economy

Economy

Construction spending fell 1.8% in April to $1,113.9 billion (SAAR). March’s spending estimate was revised up to $1,155.1 billion. During the first four months of the year, construction spending amounted to $334.8 billion, 8.7% higher than in the first four months of 2015. Total private construction fell to a rate of $843.1 billion, 1.5% below

Economy

The ISM Manufacturing Index rose to 51.3 points in May – up 0.5 points from April’s reading of 50.8. May’s reading marks the third consecutive month of growth in the manufacturing industry, as readings above 50 indicate expansion. Of the eighteen manufacturing industries, twelve reported growth while six reported contraction. The employment index registered 49.2

Economy

The Conference Board Consumer Confidence Index fell to 92.6 in May, down 2.1 points from the previous month. The Present Situation Index fell 4.2 points to 112.9, while the Expectations Index fell 0.7 points to 79.0. “Consumer confidence declined slightly in May, primarily due to consumers rating current conditions less favorably than in April,” said

Economy

The year-over-year appreciation of the 20-City Case-Shiller Composite Index was 5.4% in March, the same as in February. The 10-City Composite Index appreciation was also unchanged at 4.7%. The National Index, which covers home prices in all nine census divisions increased by 5.2%, down from 5.3% in February. On a seasonally adjusted monthly basis, the

Economy

Consumer Sentiment rose to 94.7 in May, up 5.7 points from the previous month, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index improved 3.2 points to 109.9, while the Index of Consumer Expectations rose to 7.3 points to 84.9. “The biggest uncertainty consumers see on the horizon is not

Economy

Real GDP for the first quarter of 2016 grew at an annual rate of 0.8 percent, according to the Bureau of Economic Analysis’s second estimate. First quarter GDP was revised up from the advance estimate of 0.5 percent growth, as the decrease in private inventory investment was smaller than previously estimated. During the fourth quarter

Economy

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) wrote to the Federal Reserve today urging the agency to “fully cooperate” with the Government Accountability Office’s investigation of the Fed’s capital planning and stress test regimes.

Economy

New orders for manufactured durable goods increased 3.4% to $235.9 billion in April, following a 1.9% increase in March, according to the U.S. Census Bureau. The majority of the month’s increase was driven by an 8.9% increase in new orders for transportation equipment. Excluding transportation, new orders increased 0.4%. New orders excluding defense increased 3.7%

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