Key Economic Indicators – July 2, 2012

*          Real GDP increased at an annual rate of 1.9% in the first quarter of 2012, after increasing at 3.0% in the previous quarter.

*          The price index for gross domestic purchases increased 2.6% in the first quarter, compared to an increase of 1.1% in the previous quarter.

*          Corporate profits from current production decreased $6.4 billion in the first quarter, after an increase of $16.8 billion in the previous quarter

*          Personal income increased 0.2%, in May, while personal consumption expenditures decreased less than 0.1%. The price index for personal consumption expenditures decreased 0.2% in May. The price index (headline index) was up 1.5% from May 2011, while the core index was up 1.8%.

*          New orders for manufactured durable goods increased 1.1% in May, while Shipments increased 0.7%

*          May new home sales increased 7.6% to an annualized rate of 369 thousand units. The median sales price was $234.5 thousand, 5.6% above the May 2011 figure.

*          The Pending Home Sales Index, a leading indicator for the housing sector, increased 5.9% to a reading of 101.1 in May.

*          The 30-year fixed mortgage rate averaged 3.66% for the week ending June 28, unchanged from the previous week.

*          The advance figure for initial claims for unemployment insurance decreased 6 thousand to 386 thousand in the week ending June 23.

*          The Conference Board’s consumer confidence index, which had declined in May, fell further in June.

*          The Thomson Reuters/University of Michigan Index of Consumer Sentiment posted a sizeable loss in June.



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