Econ data 09 week 31

USA
Overall

• 2q09 GDP down -1.0% Q/Q from down 5.5% in 1q (better than expect -1.5%)
• 2q09 GDP deflator up 0.2% Q/Q from 1.9% in 1q (better, 1.0%)

Consumer market

• Jun durable orders down -2.5% from up 1.3% in May (worse, -0.6%)
• Jun durable orders (ex-transport) up 1.1% from up 0.8% in May (better, 0.0%)
• Jul consumer confidence down to 46.6 from 49.3 in Jun (worse, 49.0)

House market

• Jun new home sales up to 384k from 346k in May (better, 352k)
• May S&P/Case Shiller home price index down 17.1% Y/Y improved from -18.1% in Apr (better, -17.9%)

Job market

• 07/25 jobless initial claims up to 584k from 559k last week (worse, 575k)
• 2q09 employment cost index up 0.4% from 0.3% in 1q (better, 0.4%)

Upcoming

• Jul unemployment rate => expect 9.6%
• Jul nonfarm payroll job pos => expect up to -340k

Canada

Overall

• May GDP down -0.5% M/M from -0.1% (worse, -0.1%)

Upcoming

• Jul unemployment rate => expect 8.8%
• Jul nonfarm payroll job pos => expect down to -20k