Free Markets, Free People

Economic Statistics for 28 Jun 16

The final estimate for 1st Quarter GDP was for a 1.1% annualized growth rate. The GDP Price index rose 0.4%.

The final estimate for corporate profits indicates that profits fell to a -2.3% year-on-year rate in the 1st Quarter.

The S&P/Case-Shiller home price index rose 0.5% in April, with a year-on-year increase of 5.4%.

The Conference Board’s consumer confidence index jumped 5.8 points to 98.0, the highest reading since October 2015.

The Richmond Fed Manufacturing Index weakened from -1 to -7 in June.

Redbook reports that last week’s retail sales growth fell to 0.5% on a year-ago basis, from the previous week’s 0.9%.

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