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GDP QoQ Annualized (1Q F)

Survey 1.0%
Actual 1.0%
Prior 0.9%
Revised n/a

As expected.  Weak but no recession.


Personal Consumption (1Q F)

Survey 1.0%
Actual 1.1%
Prior 1.0%
Revised n/a

A touch better than expected with further improvement in Q2 still expected.


GDP Price Index (1Q F)

Survey 2.6%
Actual 2.7%
Prior 2.6%
Revised n/a

A bit worse than expected.


Core PCE QoQ (1Q F)

Survey 2.1%
Actual 2.3%
Prior 2.1%
Revised n/a

More than a bit worse than expected.
GDP better than expected, and inflation worse than expected was reflected in the Fed statement, but not in Fed action.


Initial Jobless Claims (Jun 21)

Survey 375K
Actual 384K
Prior 381K
Revised 384K

Unchanged from the previous week’s report that was revised up some.  Still in the new range.


Continiuing Jobless Claims (Jun 14)

Survey 3105K
Actual 3139K
Prior 3060K
Revised 3057K

A little worse than expected, prior week revised down marginally.

Weak, but no recession yet.


Help Wanted Index (May)

Survey 19
Actual 17
Prior 19
Revised 18

All evidence shows labor markets still soft.


Existing Home Sales (May)

Survey 4.95M
Actual 4.99M
Prior 4.89M
Revised n/a

Continuing signs of a bottom.
Levels are too low given demographics and should recover substantially even with a weak market.


Existing Home Sales MoM (May)

Survey 1.2%
Actual 2.0%
Prior -1.0%
Revised n/a

Better than expected.


Existing Home Sales Median Price (May)

Survey n/a
Actual 208.6
Prior 201.2
Revised n/a

The upturn in prices wasn’t even reported by the mainstream press while the downturns were sensationalized.


Existing Home Sales Median Price YoY (May)

Survey n/a
Actual -6.3%
Prior -8.5%
Revised n/a

Year over year price declines are far less than the case-shiller index which reports only on the largest metro areas.  OFHEO prices declined even less year over year.  Again, the mainstream media doesn’t report this and continues to repeat case-shiller numbers.


Existing Home Sales Inventories (May)

Survey n/a
Actual 4.485
Prior 4.549
Revised n/a

I thought the last spike up was suspect- might have had something to do with foreclosures hitting the list- and may now be turning down as well, following the actual numbers of new homes for sale which has been falling rapidly.


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