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Continue reading here: Existing Home Sales Down 4.8%, Decline More Than Expected; "Still Healthy and Trending Higher" Says Bloomberg –…
1st Quarter: +0.6% 2nd Quarter: +2.3% The retail sales revisions may add another 0.2% or so to second quarter, assuming there are no other changes. That’s a huge assumption given the history of revisions in nearly every economic number
View post: New Home Sales Unexpectedly Decline 6.8%, April and May Revised Lower; Writers Still Upbeat
View article: No Rebound in Manufacturing: "Surprisingly Weak" Industrial Production Numbers; How Long Can Auto Sales Hold Up?
Read the original post: New Home Sales Bounce From Dismal April Numbers
Economists overestimated existing home sales today, rounding out another impressive day of overoptimism. New home sales came in at a seasonally adjusted 5.04 million annualized rate
See the original post: Empire State Manufacturing Index Back in Contraction, New Sales and Unfilled Orders Sharply Decline
Original post: Downside Data Surprises in Canada; Bad Weather Up North? How About Recession?
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Continue Reading: Business Activity Contracts in Japan, Modest Expansion in China; PBOC Rate Cut Seen