Archive for the ‘U S Department’ tag
Economists Say U.S. PCE Core Deflator Adds to Hawkish View
Economists say the personal income and spending
report from the U.S. Department of Commerce posted higher-than-
anticipated results for June due to downward revisions to the prior two
months. Rising inflation adds to the hawkish viewpoint at the Fed, though
it remains universally expected that the Fed will hold rates on
Tuesday.
U.S. Housing Starts and Building Permits Soar in June
Due to a change in the housing code of New York City,
U.S. housing starts came in above expectations at 1066k in June, a month-
over-month rise of 9.1%, according to data released from the U.S.
Department of Commerce on Tuesday morning. The consensus was looking for
a decline to a level of 960k.
The previous month’s 975k was revised to a level of 977k.
“New York City enacted a new set of construction codes effective for
permits authorized as of…
U. S. Construction Spending Drops Further in May
According to a report from the U.S. Department of Commerce,
construction spending in the United States declined 0.4%
month-over-month in May.
Residential construction fell by 1.6%,
unchanged from April’s 1.6 % decrease, while non-residential construction
gained 0.3% after rising 0.8 % in the previous month.
The report
also noted a 0.7% pullback in private construction and a 0.4% increase in
public building. In April, both came in at 0.0% and -0.3 %
respectively.