Moody’s/REAL National Commercial Property Index Fell 4.0% In June
Moody’s/REAL National Commercial Property Index fell 4.0% in June and it is now running at -9.1% YoY. Chart 1. Moody’s/Real National Commercial Property Index
Global Macro Perspectives
Moody’s/REAL National Commercial Property Index fell 4.0% in June and it is now running at -9.1% YoY. Chart 1. Moody’s/Real National Commercial Property Index
Conference Board Leading Economic Index (LEI) rose 0.1% in July. The consensus was at 0.1%, prior revised reading was at -0.3%. LEI contrary to ECRI Leading Index is pointing to minimal GDP growth. Chart 1. Conference Board Leading Economic Index
Philadelphia FED General Business Conditions Index fell to -7.7. The consensus was at +7.0, prior reading at +5.1. Chart 1. Philadelphia Fed Survey – General Business Conditions Index
Crude oil stocks fell 0.8 million barrels for week ending August 13; Gasoline stocks remained unchanged; Distillate stocks increased 1.1 million barrels; Propane/propylene stocks rose 2.4 million barrels; Other oils stocks were up 2.3 million barrels; Total crude oil and petroleum stocks were 5.3 million barrels higher than the week before. Refinery utilization rose 1.9% […]
Initial jobless claims were reported at 500.000. The consensus was at 478.000, last week revised reading was at 488.000. Chart 1. U.S. Initial Jobless Claims