- Real GDP decreased at an annual rate of 2.9% in the first quarter of 2014, after increasing 2.6% in the previous quarter. In the second estimate, released about a month ago, real GDP was estimated to have decreased 1.0%.
- The price index for gross domestic purchases increased 1.3% in the first quarter, compared to an increase of 1.5% in the previous quarter.
- Corporate profits from current production decreased $198.3 billion in the first quarter, compared with an increase of $47.1 billion in the first quarter.
- Personal income increased 0.4% in May, while personal consumption expenditures increased 0.2%. Real disposable personal income increased 0.2% in May, while real personal consumption expenditures decreased 0.1%.
- The price index for personal consumption expenditures increased 0.2% in May. The price index (headline index) was up 1.8% from May 2013, while the core index was up 1.5%
- New orders for manufactured durable goods decreased 1.0% in May.
- Existing home sale rose 4.9% in May to an annualized rate of 4.89 million. The median price rose 5.9% to $213.4 thousand.
- May new home sales increased 18.6% to an annualized rate of 504 thousand units. The median sales price of new houses sold was $282.0 thousand, 4.6% above May 2013.
- The results of Freddie Mac’s Primary Mortgage Market Survey of June 26th showed average fixed mortgage rates moving lower.
- Mortgage applications decreased 1.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 20th.
- The advance figure for initial claims for unemployment insurance decreased 2 thousand to 312 thousand in the week ending June 21.
- The Conference Board’s consumer confidence index rose to 85.2 in June, from 82.2 in May.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose to 82.5 in June, from 81.2 in the previous month.
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