Archive for the ‘U S Census’ tag
Trade Deficit Unexpectedly Shrinks to $56.8 Billion in June
The U.S. monthly trade deficit unexpectedly shrank in
June to $56.8 billion, a much narrower deficit than the -$62.0 billion
balance expected by markets. May’s deficit figure was upwardly revised to
$59.2 billion from a previously reported $59.8 billion, the U.S. Census
Bureau reported Tuesday.
New Home Sales Higher than Expected Due to Revisions in May, April
New home sales fell for the seventh of the past eight
months in June, falling by 0.6% to an annual pace of 530k sales. This
rate is much higher than consensus expectations due to major revisions in
the previous two months, according to the U.S. Census Bureau on
Friday.
Preview: New Home Sales Likely Fell Again in June
In May, the New Home Sales Index fell 2.5% to its
second-lowest pace in 17 years, and economists expect another decline in
the June report to be released Friday by the U.S. Census Bureau.
The index of sales has fallen in six of the past seven months and
currently stands at an annual pace of 512k. The consensus looks for a
1.8% decline to a pace of 503k sales in June, but the range of forecasts
varies from a low of 480k to a high of 530k.