Key Economic Indicators – June 3, 2013

  • Real GDP increased at an annual rate of 2.4% in the first quarter of 2013, after increasing at 0.4% in the previous quarter. In the “advance” estimate, released a month ago, real GDP increased 2.5%. The price index for gross domestic purchases increased 1.2% in the first quarter, compared to an increase of 1.6% in the previous quarter.
  • Corporate profits from current production decreased $43.8 billion in the first quarter, after an increase of $45.4 billion in the previous quarter.
  • Personal income decreased less than 0.1% in April, while personal consumption expenditures decreased 0.2%. The price index for personal consumption expenditures decreased 0.3% in April. The price index was up 0.7% from April 2012, while the core  index was up 1.1%
  • The S & P/Case-Shiller National U.S. Home Price Index posted annual increases of  10.3% and 10.9% in March, for the 10-city and 20-city composite indices,  respectively.
  • The Pending Home Sales Index, a leading indicator for the housing sector, increased 0.3% to a reading of 106.0 in April, according to the National Association of Realtors.
  • The results of Freddie  Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates trending higher.
  • Mortgage applications decreased 8.8% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 24th.
  • The advance figure for initial claims for unemployment insurance increased 10 thousand to 354 thousand      in the week ending May 25.
  • The Conference Board’s consumer confidence index, which had improved in April, increased again in May.
  • The Thomson Reuters/University of Michigan Index of Consumer Sentiment for May rose to its highest level in nearly six years.

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