Economic Statistics for 3 Jun 15
The MBA reports that mortgage applications fell -7.6% last week, with purchases down -3.0% and refis down -12%.
ADP estimates that private payrolls rose a moderate 201,000 in May. We’ll see how true that is in Friday’s Employment Situation.
Rising imports lowered the April trade deficit to $-40.9 billion from $-51.4 billion in March.
Gallup’s U.S. Job Creation Index reached a new high of 32 in May, up from 31 in April.
Markit’s PMI Services Index fell from 57.4 in April to 56.2 in May.
The ISM non-manufacturing index for May, at 55.7, came in at the low end of Econoday expectations, falling -2.1 points.
The Fed’s Beige Book downgrades the strength of the economy today, with four of the Fed’s twelve districts reporting slowing growth.