DATA FLASH: US INITIAL CLAIMS SLOW; EXISTING HOME SALES PLUNGE
–Initial Claims -249,000 to 2.438 Mln; 35.3 Mln Unadjusted Under COVID–May Philly Fed Manufacturing Index Improved to -43.1 From -56.6 in April–April Existing Home Sales Fell to 4.33 Mln from 5.27 Mln In March By Kevin Kastner WASHINGTON (MaceNews) – The U.S. data released on Thursday were a mixed bag, with data for May showing […]
DATA FLASH: LACK OF DEMAND KEEPS US HOME BUILDING DEPRESSED
By Kevin Kastner WASHINGTON (MaceNews) -The U.S. April home building data, released Tuesday, reflected the lack of buyer traffic and reduced demand that has been in place since mid-March, even as mortgage rates remain near record lows. Construction was labeled as an essential business in most states during the social distancing shutdowns, but without demand […]
DATA PREVIEW: FEWER DATA POINTS IN THE MAY 18 WEEK, BUT NOT LESS NEGATIVITY
By Kevin Kastner WASHINGTON (MaceNews) – After an overflow of data Friday, there is a breather coming in the May 18 week, but that doesn’t mean there won’t be anything for markets and analysts to focus on. Housing data takes up much of the schedule, starting with the National Association of Home Builders’ Housing Market […]
DATA FLASH: US APRIL MANUFACTURING ISM CONTRACTS SHARPLY
–Regional Data, Markit Survey Also Soft as Full COVID Impact Hit–March Construction Spending Up on Home Remodeling By Kevin Kastner WASHINGTON (MaceNews) – The April ISM index Friday showed U.S. manufacturing sector activity contracted sharply, confirming the disappointing regional and Markit data that preceded it. Conditions are unlikely to improve until businesses are given the […]
DATA FLASH: US APRIL CONFIDENCE FELL FURTHER, BUT EXPECTATIONS IMPROVE
By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday fell to a reading of 86.9 in April from a downward revised 118.8 reading in March, as business and employment conditions deteriorated rapidly due to the COVID-19 shutdown. And while the assessment of current conditions posted their largest one-month decline in […]
DATA FLASH: US INITIAL CLAIMS KEEP PILING UP; NEW HOME SALES PLUNGE
–Initial Claims Level Fall by 810,000/4.427 Mln–Continuing Claims Still Have More Room to Rise–New Home Sales -15.4%/627,000; Social Distancing To Cut Deeper in April–Markit Data Show Factory, Services Conditions Deteriorated Further By Kevin Kastner WASHINGTON (MaceNews) – The growth rate of initial claims slowed modestly in the April 18 employment survey week but remain elevated, […]