U.S. Retail Sales Rebound in June; Jobless Claims and Fed Survey Signal Mixed Outlook

Philadelphia fed manufacturing survey changes positively The July Manufacturing Business Outlook survey of the Federal Reserve Bank of Philadelphia showed a reversal in the regional factory activity. The general activity index climbed to 15.9 – after February three months after contraction. The new orders increased to 18.4, and the shipments increased to 23.7. Employment also…

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U.S. Housing Starts Tick Higher in June, But Permits and Completions Signal Construction Slowdown

Starts climbing the housing, but the single-family slows down The June Housing increased from 4.6% month-month to 1.321 million units, making the May decline a bit reversed. However, on the basis of year-on-year, 0.5% starts at least. The slight rebound came almost completely from multiply constructions, as the single-family declined by 4.6% to 883,000-the lowest…

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gift a book More Than a Motorcycle: The Royal Enfield Bullet Story