Economy in Brief

The value of construction put-in-place held steady during May (+4.9% y/y) following a 0.7% April dip, revised from -1.4%. Earlier figures also were revised. Expectations were for a 0.3% rise in the Action Economics Forecast Survey. [...]

The ISM factory sector composite index improved to 57.8 during June from May's reading of 54.9. It was the highest point since August 2014. A level of 55.0 had been expected in the Action Economics Forecast Survey. Earlier figures [...]

Japan's Tankan survey is conducted by the Bank of Japan; it is abroad survey executed across various industry classifications of Japanese firms and across firms of different size categories. The large enterprise survey is considered [...]

The Chicago Purchasing Managers Business Barometer for June jumped to 65.7 following an increase to 59.4 in May. It was the highest index level since May 2014. The latest reading surpassed expectations for 58.0 in the Action Economics [...]

Personal income increased 0.4% during May (3.5% y/y) following a 0.3% April rise, revised from 0.4%. The gain outpaced expectations for a 0.3% advance in the Action Economics Forecast Survey. Wages & salaries ticked just 0.1% higher [...]

Strong gains in and across EMU The EU Commission index for all of the EMU rose to 111.1 in June from 109.2 in May. Over the last 21 years, a monthly gain this strong or stronger has occurred only 16% of the time, marking the month's [...]

Initial unemployment insurance claims during the week ended June 24 increased to 244,000 (-8.6% y/y) from 242,000 in the prior week, revised from 241,000. Expectations called for 240,000 claims in the Action Economics Forecast Survey. [...]

Economic growth was revised to 1.4% during Q1'17, up from 1.2% estimated last month and 0.7% estimated initially. Growth remained the weakest in three quarters. A 1.2% advance had been expected in the Action Economics Forecast Survey. [...]