U.S. Initial Jobless Claims At 414.000; Down 16.000
Initial jobless claims in the U.S. were reported at 414.000 vs. 420.000 consensus and last week revised (up 3.000) reading of 430.000.
Global Macro Perspectives
Initial jobless claims in the U.S. were reported at 414.000 vs. 420.000 consensus and last week revised (up 3.000) reading of 430.000.
U.S. industrial production rose 0.1% in May. Consensus was at 0.2%, April reading was at 0.0%. On year level industrial production is up 5.9%.
Empire State Manufacturing General Business Conditions Index for June came out at -7.8 vs. 12.0 consensus and prior reading of 11.9.
Ugly looking chart.
U.S. consumer price index rose 0.2% in May vs. 0.1% consensus and April reading of 0.4%. On year level CPI inflation is running at 3.6%.
NFIB Small Business Optimism Index for May was reported at 90.9 vs. consensus of 90.5 and prior reading of 91.2.
U.S. retail sales were reported down 0.2% in May vs. -0.3% consensus. April reading was at 0.3% (revised from 0.5%). On year level retail sales are up 7.8%.
U.S. producer price index rose 0.2% in May vs. 0.1% consensus. April reading was at 0.8%. On year level PPI is up 7.0%.
Initial jobless claims in the U.S. were reported at 427.000 vs. 418.000 consensus and last week revised (up 4.000) reading of 426.000.
Historically quite high level, consistent with a bellow average economic growth.
U.S. new home sales rose 7.3% to 323.000 SAAR; Consensus was at 300.000 SAAR, prior reading (revised upward 1.000) was at 301.000 SAAR.
Chicago Fed National Activity Index for April was reported at -0.45 vs. revised March reading of 0.32. Chicago Fed National Activity Index 3-month moving average is at -0.12.
CFNAI is pointing to mild economic growth.
Initial jobless claims in the U.S. were reported at 409.000 vs. 420.000 consensus and last week revised (up 4.000) reading of 438.000.
Empire State Manufacturing General Business Conditions Index for May came out at 11.9 vs. 19.6 consensus and prior reading of 21.7.
Well, we have a series of negative surprises…
U.S. consumer price index rose 0.4% in April vs. 0.4% consensus and March reading of 0.5%. On year level CPI inflation is running at 3.2%.
U.S. producer price index rose 0.8% in April vs. 0.6% consensus. March reading was at 0.7%. On year level PPI is up 6.6%.
U.S. retail sales were reported up 0.5% in April vs. o.6% consensus. March reading was at +0.9% (revised from +0.4%). On year level retail sales are up 7.6%.