Tag Archives: US Economy

Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index. The index registered a third consecutive record increase. The gauge of home prices in 20 cities and major metropolitan areas Home …

Construction spending in the United States increased in July, according to data by the U.S. Commerce Department on Wednesday. The construction spending rose by 0.3% compared with its level in June but surged by 9% on a yearly basis. The reading modestly exceeded market expectations.

Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May’s increase of 1.8%. This reading fell short of the market expectation of 2.1%.

The United States Pending Home Sales Index declined by 1.8% last month, according to data by the National Association of Realtors on Monday. The reading comes against market expectations of a modest increase, while the June reading was revised upwards to 2%. On an annual level, pending home sales decreased …

The growth of factory activity in Texas slowed in August, according to the Texas Manufacturing Outlook Survey, by the Federal Reserve Bank of Dallas. The production index decreased by 10 points to 20.8, while the new orders index retreated to 15.6 from 26.8. The growth rate of orders declined by …

Tropical Storm Ida formed in the Caribbean Sea and is expected to threaten the northern Gulf Coast of the United States as a major hurricane by the end of this week, the US National Hurricane Center (NHC) said, adding that there is a possibility of hurricane-force winds, heavy rain and …

The Kansas Fed Manufacturing Activity declined in August to a reading of 29 from 30 in July. Despite the decrease, the index remained higher than market expectations. The production index dropped to 22 from 41, while the volume of shipments index decreased to 25 from 37 in July. Meanwhile, the …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.6% in the second quarter, the US Bureau of Economic Analysis reported on Thursday. This reading matched the previous estimate and the market consensus. the US Bureau of Economic Analysis (BEA) second estimate showed on Thursday. …

US Treasury yields were mixed on Thursday, ahead of the Federal Reserve’s Jackson Hole symposium, in addition to the release of economic data, the yield on the benchmark 10-year Treasury bond rose less than a basis point to 1.347%, and the yield on the 30-year Treasury fell less than a …