Archive for May 4th, 2010

Pending Home Sales Index Rose 5.3% In March

Pending home sales index rose 5.3% in March. Again first home-buyer tax credit effect… Chart 1. Pending Home Sales Index

U.S. Motor Vehicle Sales At 11.2 Million SAAR

U.S. total motor vehicle sales fell 0.56 million vehicles in April. Chart 1. U.S. Motor Vehicle Sales

U.S. Construction Spending Rose 0.2% In March

Construction spending is a contrast to the ISM Manufacturing. Needless to say that we cannot talk about economic recovery without construction spending. In March, U.S. construction spending rose 0.2% MoM. On a year level we are at -12.3%. Chart 1. U.S. Construction Spending

ISM Manufacturing Index For April At 60.4

ISM Manufacturing Index was reported at 60.4 vs. 61 consensus and 59.6. Highest reading since May 2004; seems a tad overdone; there has more prosperous manufacturing periods since then. Chart 1. ISM Manufacturing Index Source:

March Personal Income & Consumer Spending Tick Up

Personal income rose 0.3% MoM vs. 0.4% consensus and 0% prior reading. On YoY level the personal income is up 3%, but most of the increase comes due the low base effects. Consumer spending rose 0.6% MoM vs. 0.6% consensus and 0.3% prior reading. On YoY level the consumer spending is up 2.9%. The data […]

HSBC/Markit China PMI For April At 55.4

From the press release. April’s PMI points to a moderate slowdown in the expansion of manufacturing activity. We see this as good news because it means that Beijing’s policy tightening is starting to cool the overheated economy, which will help to contain inflationary risk in the coming quarters. Chart 1. China Federation of Logistics & […]


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