Commentaries

June 01, 2018

U.S. Real GDP Growth came in at 2.2% for the first quarter of 2018, in line with consensus estimates. The GDP Price Index came in at 1.9%, also in line. All of the manufacturing indexes (PMI, ISM and Chicago) were nicely expansionary for May, at data points ranging from 56.7-62.7. Consumer spending and construction spending for April were up 1.8% and 7.6%, respectively. Finally, the U.S. Unemployment Rate came in at a new low of 3.8% for May.
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May 25, 2018

U.S. New Single-Family Home Sales came in at a 692,000 annualized unit rate versus 677,000 consensus. The PMI Composite Flash Index came in at 55.7 for Services and 56.6 for Manufacturing for May.
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