Key Economic Indicators – July 4, 2016

  • Real GDP increased at an annual rate of 1.1% in the first quarter, according to the “third” estimate released by the Bureau of Economic Analysis. In the previous quarter, real GDP increased 0.8%.
  • The price index for gross domestic product increased 0.4% in the first quarter, following a 0.6% increase in the previous quarter.
  • Personal income increased 0.2% in May, and personal consumption expenditures increased 0.4%.
  • The price index for personal consumption expenditures increased 0.2% in May.  The price index (headline index) was up 0.9% from May 2015, while the core index was up 1.6%.
  • The advance figure for initial claims for unemployment insurance was 268 thousand in the week ending June 25, an increase of 10 thousand from the previous week’s revised level. The 4-week moving average was 266.75 thousand, unchanged from the previous week’s revised average.
  • Mortgage applications decreased 2.6% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 24th.

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