ECONOMIC UPDATES
Monday, May 09
Last Week in the News The Institute for Supply Management reported that the monthly composite index of manufacturing activity fell to 60.4 in April after reaching 61.2 in March. A reading above 50 signals expansion. It was the 21st straight month of expansion.Total construction spending rose 1...
ECONOMIC UPDATES
Sunday, May 01
Last Week in the News Pending home sales, a forward-looking indicator based on signed contracts, rose 5.1% in March after a 2.1% increase in February. On a year-over-year basis, pending sales are down 11.4%.Orders for durable goods — items expected to last three or more years — rose 2.5% in Ma...
ECONOMIC UPDATES
Sunday, April 24
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending April 15 rose 5.3%. Refinancing applications increased 2.7%. Purchase volume rose 10%, its highest level since early December.The combined constructi...
ECONOMIC UPDATES
Monday, April 18
Last Week in the News The trade deficit decreased 2.6% to $45.76 billion in February from $46.97 billion in January. Economists had expected a trade deficit of $44 billion. Exports fell 1.4% to $165.12 billion. Imports decreased 1.7% to $210.88 billion.The Mortgage Bankers Association said its ...
ECONOMIC UPDATES
Tuesday, April 12
Last Week in the News Retail sales rose 2.3% for the week ending April 2, according to the ICSC-Goldman Sachs index. On a year-over-year basis, retailers saw sales increase 2.8%.The Institute for Supply Management reported that the monthly composite index of non-manufacturing activity fell to ...
ECONOMIC UPDATES
Monday, April 04
Last Week in the News Pending home sales, a forward-looking indicator based on signed contracts, rose 2.1% in February after a revised 2.8% decrease in January. On a year-over-year basis, pending sales are down 9.3%.Retail sales rose 0.2% for the week ending March 26, according to the ICSC-Gol...