U.S. New Home Sales Rose 2.1% In May
U.S. new home sales fell 2.1% to 319.000 SAAR; Consensus was at 305.000 SAAR, prior reading (revised upward 3.000) was at 326.000 SAAR.
Archive for June 23rd, 2011
May Chicago Fed National Activity Index At -0.37
Chicago Fed National Activity Index for May was reported at -0.37 vs. revised April reading of -0.56. Chicago Fed National Activity Index 3-month moving average is at -0.19.
CFNAI is pointing to mild economic growth.
U.S. Initial Jobless Claims At 429.000; Up 9.000
Initial jobless claims in the U.S. were reported at 429.000 vs. 415.000 consensus and last week revised (up 6.000) reading of 420.000.
China HSBC/Markit PMI For June At 50.1
HSBC/Markit China PMI for June fell from 51.6 to 50.1. This means industrial production growth is slowing down to something like 13%.
Daily Reading – Thursday, July 23, 2011
*** Macro Man: Qu’est Châteaux Eurobolleaux 2011? ***
*** The Slope Of Hope: Bernanke’s Answer to Every Single Question Today ***
*** The Big Picture: What Will the Press Mistakenly Focus on Today? ***
*** The Big Picture: QOTD: Bill Gross on US Labor Situation ***
*** The Big Picture: Are Economists Now Too Pessimistic? ***
*** FT BeyondBRICs: China’s PMI, copper and the Aussie ***
*** FT Alphaville: Koo and Gross on what Bernanke will do next ***
*** FT Alphaville: And the high-yield boom continues… ***
*** FT Alphaville: Fact or fiction, Sino-Forest edition ***
*** FT Alphaville: Copper’s inventory inconsistency, charted ***