Final for June revised higher to 54.2 from 53.0.
The Markit Services PMI for June was revised to 54.2 from 53.0 originally reported. In May the
US ISM non-manufacturing composite index for June 57.4 vs 56.5 est
#122Order index 60.5 vs 57.7 last
Business activity at 60.8 vs 60.7 last
employment 55.8 vs 57.8 last
Prices pair 52.1 vs 49.2 last
Backlog orders 52.5 vs 57.0 last
new export orders 55.0 vs 54.5 last
Business activity at 60.8 vs 60.7 last
employment 55.8 vs 57.8 last
Prices pair 52.1 vs 49.2 last
Backlog orders 52.5 vs 57.0 last
new export orders 55.0 vs 54.5 last
June US non-farm payrolls 222K vs 178K expected
#123- Prior was 138K (revised to 152K)
- Two-month net revision +47K
- Private payrolls +187K vs +170K exp
- Manufacturing payrolls +1K vs +5K exp
- Unemployment rate 4.4% vs 4.3% exp
- Participation rate 62.8% vs 62.7% exp
- Prior participation rate 62.7%
- Underemployment rate 8.6% vs 8.4% prior
Fed’s Yellen: Further Gradual Interest Rates Increases Likely Warranted
#124In her prepared testimony to Congress, Fed Chair Yellen stated that the current path of the economy is expected to warrant further gradual increases in the Fed Funds rate.
The economy had picked up in the second quarter due to household spending, business investment and a stronger global economy.
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The economy had picked up in the second quarter due to household spending, business investment and a stronger global economy.
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June US retail sales -0.2% vs +0.1% m/m expected
#126June US retail sales lower than expectations
- Prior was -0.1% (Revised up from -0.3%)
- Ex autos -0.2% vs +0.1% exp
- Prior ex auto -0.3% (unrevised)
- Ex autos and gas -0.1% vs +0.4% exp
- Control group -0.1% vs +0.3% exp
New York July Empire Manufacturing Index Declines To 9.8, Outlook Remains Firm
#127The New York Empire State Manufacturing Survey declined to 9.8 for July from 19.8 previously. This was below consensus expectations of 15.0, although it was the second successive positive reading and the fourth-strongest reading of the past two years with the data still indicating firm growth.
There was a significant retreat in the shipments index to 10.5 from 22.3 previously.
There was a significant retreat in the shipments index to 10.5 from 22.3 previously.
US June import price index -0.2% vs -0.2% m/m expected
#128Prior was -0.3% (revised to -0.1%)
Ex-petroleum +0.1% vs +0.0% exp
Prior ex-petroleum 0.0% (unrevised)
Import prices +1.5% y/y vs +1.3% exp
Prior +2.1% (revised to +2.3%)
Ex-petroleum +0.1% vs +0.0% exp
Prior ex-petroleum 0.0% (unrevised)
Import prices +1.5% y/y vs +1.3% exp
Prior +2.1% (revised to +2.3%)
US building permits for June 1254K vs. 1201K estimate
#129US building permits for June were better than expected at 1254k vs 1201K. The prior month was revised higher to 1122K vs 1092K initially reported
The housing starts were also higher at 1215K vs 1160 est. The prior month came in at 1168K
Single family permits were higher by 4.1% to 811K
Multi family were up 13.9% to 443K
Single family starts up 6.3% to 849K
Multi family starts were up 13.3% to 366K
The housing starts were also higher at 1215K vs 1160 est. The prior month came in at 1168K
Single family permits were higher by 4.1% to 811K
Multi family were up 13.9% to 443K
Single family starts up 6.3% to 849K
Multi family starts were up 13.3% to 366K
The Atlanta Fed GDPNow estimate comes in at 2.5%
#1302nd quarter GDP estimate moves up from the estimate low of 2.4%
The Atlanta Fed GDPNow estimate for Q2 rose to 2.5% from a low estimate of 2.4% on July 14th. The high water mark was the first estimate at 4.3%.
The Atlanta Fed GDPNow estimate for Q2 rose to 2.5% from a low estimate of 2.4% on July 14th. The high water mark was the first estimate at 4.3%.
