- Real GDP increased at an annual rate of 1.4% in the second quarter, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8%.
- Real domestic income (GDI) decreased 0.2% in the second quarter, following a 0.8% increase in the first quarter.
- The price index for gross domestic purchases increased 2.1% in the second quarter, following a 0.2% increase in the first quarter.
- Personal income increased 0.2% in August, while personal consumption expenditures held steady. Real disposable personal income increased 0.1%, while real personal consumption expenditures decreased 0.1%.
- The price index for personal consumption expenditures increased 0.1% in August, while the core index increased 0.2%. The price index (headline index) was up 1.0% from August 2015, while the core index was up 1.7%.
- The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending September 24, an increase of 3 thousand from the previous week’s revised level. The 4-week moving average was 256 thousand, a decrease of 2.25 thousand from the previous week’s revised average.
- Mortgage applications decreased 0.7% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 23rd.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose to 91.2 in early September.
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