Commentaries

July 7, 2017

The ISM Manufacturing index showed strength in June as it reported better than expected at 57.8 versus 54.9 for May. A reading above 50 means the sector is expanding. Factory orders came in worse than expected for May at -0.8% versus an expected -0.5% according to a Bloomberg survey. Nonfarm payroll came in higher than expected at 222,000 jobs added in the month of June. The unemployment rate ticked higher to 4.4% due to more people actively looking for work.
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June 23, 2017

The Index of Leading Indicators was up 0.3% for the month of May, with most components showing strength. New single-family home sales were revised higher in April, to a run rate of 593,000 units. In May, new single-family home sales were also strong, at a 610,000 annual unit run rate.
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