Free Markets, Free People

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.


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One Response to Economic Statistics for 3 Jun 15

  • I wonder how they handle the port strike in those import numbers.

    I know I have several 40′ containers supposed to land in April and they arrived in June, as they sat off the coast and then there was a backlog.