Steady GDP Growth in 2Q
Aug 31, 9:38 AM ET |
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| The economy keeps stable at 3.3 % GDP growth in 2Q, slightly slowing down from 1Q. |
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| According to the U.S. Bureau of Economic Analysis the annual growth rate is 3.3 percent in the 2Q, down from 3.8 percent in 1Q. The growth rate in the second quarter was lowered 0.1 percentage point from the estimates in July. Corporate profits increased 17.7 % from the same quarter a year ago. Consumer spending, business investment, and exports contributed the most to the second-quarter increase. |
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U.S. Factory Orders Sharply Down
Aug 30, 1:11 PM ET |
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| Orders to U.S. factories in July dropped by the largest amount in 15 months due to a steep decline in commercial aircraft demand. |
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| Demand for manufactured products was down 1.9% in July, while orders in the transportation sector plunged 8.8% marking the steepest decline in this category in 19 months, according to the Commerce Department report. |
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Annual Fed Conference - Greenspan comments
Aug 26, 12:10 AM ET |
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| History has not dealt kindly with the aftermath of protracted periods of low risk premiums, he said in prepared remarks. |
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| Fed's annual conference since 1970 has atttracted worlwide attention of central bankers and this year was no different. U.S. economic imbalances in housing market, persistent fiscal and trade deficits and declining economic flexibility for the policy makers dominated Fed's Chairman's remarks. |
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Jobless Claim Figures Almost Flat
Aug 25, 9:20 AM ET |
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| Jobless claim figures remained virtually unchanged in the week ending August 20. |
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| U.S. jobless claim figures mark a very slight decrease over the last week's ones, with the advance seasonally adjusted insured unemployment rate unchanged and initial claims also down. The largest increases in initial claims were in Michigan, while the largest decreases were in California. |
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Weekly Crude oil and Gasoline Inventories Report
Aug 24, 12:03 AM ET |
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| Gasoline inventories decline but crude oil inventories remain in the above average band. |
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| U.S. crude oil refinery inputs averaged nearly 15.7 million barrels per day during the week ending August 19, up 35,000 barrels per day from the previous week's average. Refineries operated at 93.4 percent of their operable capacity last week. Gasoline production declined, averaging over 8.6 million barrels per day, while distillate fuel production increased slightly, averaging over 4.2 million barrels per day. |
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July Durable Goods Orders Decreased
Aug 24, 10:08 AM ET |
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| Orders for expensive manufactured goods in July set a record 18-months low. |
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| Orders to U.S. factories for expensive manufactured goods dropped sharply in July by the largest amount in 18 months, undermining the unsteady pace of recovery from the 2001 recession in the manufacturing sector. The Commerce Department announced that new bookings for durable goods decreased by 4.9 percent in July from the previous month. |
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July Home Sales Lower
Aug 23, 10:25 AM ET |
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| July home sales at 7.16 million declined from June sales of 7.36 million. Median home sales price rise 14% from a year ago. |
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| Single-family home sales eased by 2.3 percent to a seasonally adjusted annual rate of 6.24 million in July from an upwardly revised record of 6.39 million in June, and were 4.0 percent above the 6.00 million-unit pace in July 2004. The median single-family home price was $217,900 in July, up 14.6 percent from a year ago. |
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Home Sales and Durable Orders
Aug 21, 12:38 AM ET |
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| Home Sales, existing and new, durable goods orders and weekly unemployment claims are on the week's calendar. |
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| Despite the rising oil prices market has got used to good and stable economic news from labor, housing, economic growth and consumer sentiments. This week's data may not prove to be any different from the drumbeat of news for the last six months. With light summer trading volume market may be affected by a surprise in any of the indicators to be released. |
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Increased Manufacturing Activity
Aug 19, 9:52 AM ET |
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| Manufacturers report increased activity |
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| The region’s manufacturing sector is bouncing back from its June’s weak positions and July’s moderate ones. Indexes for general activity, new orders, and shipments were advancing steadily this month. Firms report higher prices for inputs and near steady for manufactured goods. |
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Leading Indicators Suggest Slower Growth
Aug 18, 11:47 AM ET |
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| Nation's economy may be on a path to a slower economic growth as July Index of Leading Indicators suggest. |
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| Rising oil prices and interst rates have turned both consumers and businesses cautious when it comes to spending and investing. The index of LEI registered 138.3 in July following a revised increase of 1.2 to 138.1 in June and unchanged in May. |
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