Global Macro Perspectives
Durable good orders fell 1.3% in March vs. 0.4% consensus and 0.5% rise in February. Transportation taken out the figure was an increase of 2.8% vs. 0.9% in February. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
New home sales rose 26.9% in February to 411.000, the consensus was at 330.000, prior reading was at 308.000. The first home-buyer tax credit program expiration again distorted the reading. Chart 1. New Home Sales Source: Blytic.com
Producer price index rose 0.7% MoM in March. The consensus was at 0.4%; prior reading was at -0.6%. Chart 1. Producer Price Index
Initial jobless claims were reported at 456.000. The consensus was at 460.000, last week reading was at 484.000. Chart 1. U.S. Initial Jobless Claims Source: Blytic.com
Existing home sales rose 6.8% in March and reached seasonally adjusted annual rate of 5.35 million units vs. 5.25 million units consensus and 5.02 prior reading. Chart 1. Existing Home Sales Source: Blytic.com