Author Archives: LSAConnect

It was an eventful week in regard to economic releases, so we tried to keep the summary relatively succinct (sometimes a tall order). (+) Perhaps the biggest news was the release of real 2nd quarter GDP.  Estimates had been continually … Continue reading →

The FOMC completed their July meeting today with little fanfare.  Their official statement alluded to ‘modest’ economic growth as of late (downgraded from ‘moderate’), reflecting recent weaker figures, as well as an acknowledgement of improved but continued struggles with high unemployment, … Continue reading →

(+/0) Durable goods orders for June came in a bit better than expected, at a gain of +4.2% versus a consensus increase of +1.4%.  The surprise was led by a +31% increase in non-defense aircraft orders during the month, so, … Continue reading →

It was a week with a few interesting economic reports being released.  The bottom line with the bulk of recent releases is that estimated GDP for the second quarter has fallen from close to 2% to perhaps a shade below … Continue reading →

(-) Wholesale inventories came in weaker than expected for May, falling -0.5% versus an anticipated gain of +0.3%.  Auto inventories were flat (in contrast to making positive contributions in recent months), while machinery and nondurable goods fell nearly a percent … Continue reading →

Despite it being a fairly quiet Independence Day week, a few significant releases made the news and affected markets later in the week. (+) The ISM manufacturing index came in a bit better than expected, rising from 49.0 in May … Continue reading →

(-) The third and somewhat final estimate of first quarter GDP was revised downward—and quite dramatically—from the second estimate of 2.4% down to 1.8%.  The revision was based entirely on a reduction in consumer services consumption growth, which ended up … Continue reading →