Economic Statistics for 29 Jul 16
The preliminary estimate for 2nd Quarter GDP is an anemic 1.2% annualized rate. The GDP Price index rose to a 2.2% rate. In addition, 1st Quarter GDP was revised downwards to 0.8% annualized.
The Employment Cost index rose 0.6% in the 2nd Quarter, and is up 2.3% from a year ago.
The University of Michigan’s Consumer Sentiment Index rose 0.5 points to 90.0 in July.
The Chicago Purchasing manager’s Index fell a full point to 55.8 in July.