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Posts Tagged ‘ June ’

ISM Manufacturing index increased to 53.2 in June

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ISM Manufacturing index increased to 53.2 in June

The ISM manufacturing index indicated expansion for the fourth consecutive month in June, following five months of contraction. The PMI was at 53.2% in June, up from 51.3% in May. The employment index was at 50.4%, up from 49.2% in May, and the new orders index was at 57.0%, up from 55.7% in May....
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Schedule for Week of June 26, 2016

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Schedule for Week of June 26, 2016

The key economic reports this week are the third estimate of Q1 GDP,  May personal income and outlays, June vehicle sales, the June ISM manufacturing, and Case-Shiller House prices. —– Monday, June 27th —–10:30 AM ET: Dallas Fed Survey of Manufacturing Activity for June. —– Tuesday, June 28th —–8:30 AM ET: Gross Domestic Product,...
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Kansas City Fed: Regional Manufacturing Activity “Increased Slightly” in June

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Kansas City Fed: Regional Manufacturing Activity “Increased Slightly” in June

From the Kansas City Fed: Tenth District Manufacturing Activity Increased Slightly The Federal Reserve Bank of Kansas City released the June Manufacturing Survey today. According to Megan Williams, survey manager and associate economist at the Federal Reserve Bank of Kansas City, the survey revealed that Tenth District manufacturing activity increased slightly. “Regional factory activity...
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Fannie Mae: Mortgage Serious Delinquency rate declined in March, Lowest since June 2008

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Fannie Mae: Mortgage Serious Delinquency rate declined in March, Lowest since June 2008

Fannie Mae reported today that the Single-Family Serious Delinquency rate declined in March to 1.44%, down from 1.52% in February. The serious delinquency rate is down from 1.78% in March 2015. This is the lowest rate since June 2008. The Fannie Mae serious delinquency rate peaked in February 2010 at 5.59%. Note: These are...
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Hilsenrath: Fed to “Keep Options Open for April or June”

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Hilsenrath: Fed to “Keep Options Open for April or June”

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. It is pretty clear that there will not be a rate hike at the FOMC meeting next week, but the Fed will want to keep the April and June meetings in play. From Jon...
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Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in June

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Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in June

Economist Tom Lawler sent me an updated table below of short sales, foreclosures and cash buyers for selected cities in June. On distressed: Total “distressed” share is down in most of these markets mostly due to a decline in short sales (Baltimore is up because of an increase in foreclosures). Short sales are down...
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Construction Spending increased 0.1% in June

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Construction Spending increased 0.1% in June

The Census Bureau reported that overall construction spending increased slightly in June: The U.S. Census Bureau of the Department of Commerce announced today that construction spending during June 2015 was estimated at a seasonally adjusted annual rate of ,064.6 billion, 0.1 percent above the revised May estimate of ,063.5 billion. The June figure is...
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June NFP: Merrill and Nomura Forecasts

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June NFP: Merrill and Nomura Forecasts

The June employment report will be released on Thursday, July 2nd. Here are a couple of forecasts: From Nomura: e forecast a 230k increase in private payrolls, with a 5k increase in government jobs, implying that total nonfarm payrolls will gain 235k. We forecast that manufacturing employment increased by 5k in June. We forecast...
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Schedule for Week of June 21, 2015

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Schedule for Week of June 21, 2015

The key reports this week are May New Home sales on Tuesday, the 3rd estimate of Q1 GDP on Wednesday, and May Existing Home Sales on Monday. For manufacturing, the May Richmond and Kansas City Fed surveys will be released this week. —– Monday, June 22nd —–8:30 AM ET: Chicago Fed National Activity Index...
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Report: Greece will not make June IMF Payment

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Report: Greece will not make June IMF Payment

From the WSJ: Greece Won’t Meet IMF Repayments in June, Interior Minister Says Greece said Sunday that it won’t have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding. Interior Minister Nikos Voutsis told privately owned television...
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