Econ data: 09 week 18
Chrysler finally filed the chapter 11 bankruptcy protection yesterday and both US & Canada government offer support by buying 8% & 2% of its shares. Hope that it will restructure in 2-3 years time.
Econ DataOverall
- US 1q09 GDP (advance) down -6.1% compare with -6.3% in 4q08 (worse than expect, -4.7%) but in line with my expectation;
House Market
- US Apr house price down -18.63% vs Apr 08, (same, -18.70%) the decline finally slow down and kind of stablized;
Job Market
- US 09/04/25 initial jobless claim down to 631k from 640k last week, (better, -645k)
- US Mar personal income down -0.3% from -0.2% in Feb, (worse, -0.2%)
Retail Market
- US Apr consumer confidence index up to 39.2 from 26.9 in Mar (better, 29.7)
- US Mar personal spending down -0.2% from +0.4% in Feb (worse, -0.1%)
- US Apr ISM index up to 39.5 from 36.3 in Mar, (better, 38.4)
- US factory orders down -0.4% from +1.8% in Mar, (better, -0.6%)
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