Thursday, September 26, 2013

It's The Economy Stupid: Pending Home Sales

Pending Home Sales MoM for August were expected to be down -1.00%, but came in worse than expected at  -1.60%.  And Pending Home Sales for August were expected to be up 6.30%, and they came in much lower than expected at 2.90%.  In July Pending Home Sales were 8.50%.  So pending home sales are not in a good trend.

 

 

Economic Event

Period

Economic Survey

Actual Reported

Original Prior

Revised Prior

Initial Jobless Claims

Sep 21

325K

305K

309K

310K

Continuing Claims

Sep 14

2818K

2823K

2787K

2788K

GDP Annualized QoQ

2Q T

2.60%

2.50%

2.50%

--

Personal Consumption

2Q T

1.90%

1.80%

1.80%

--

GDP Price Index

2Q T

0.80%

0.60%

0.80%

--

Core PCE QoQ

2Q T

0.80%

0.60%

0.80%

--

Bloomberg Consumer Comfort

Sep 22

--

--

-29.4

--

Pending Home Sales MoM

Aug

-1.00%

-1.60%

-1.30%

-1.40%

Pending Home Sales YoY

Aug

6.30%

2.90%

8.60%

8.50%

Kansas City Fed Manf. Activity

Sep

8

--

8

--

 

 

John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury

225-342-0013

jbroussard@treasury.state.la.us

 

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