Econ data 09 week 22
Overall
- US 1Q GDP revised from -6.1% to -5.7%, still worse than expect -5.5%
Consumer market
- US May consumer confidence up to 54.9 from 40.8 in Apr, better 42.6.
- US Apr Durable goods order up +1.9% from -2.1% in Mar, better +0.5%
- US May Chicago PMI down to 34.9 from 40.1 in Apr, worse 42.0
- Good to see the consumer confidence once again rise back above 50, June results should look good too but more trend analysis to be done in order to confirm whether the recover is starting or not
House market
- US Apr new home sales flat at 352k from 351k in Mar, worse 360k
- US Apr existing home sales up to 4.68M from 4.55M, same 4.66M
- US Mar S&P home price index vs py down -18.7% from -18.67% in Feb, worse -18.4%
- Further confirmed the house market "free fall" has significantly slow down and finally stablized
Job market
- US 05/23 initial jobless claim down to 623k from 636k, better 628k
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