Daily Roundup of Key US Economic Data for July 7
The RealClearMarkets's sentiment index, the first consumer measure for July, rose to 45.5 from 42.5 in June, but still indicates more pessimism than optimism. The New York Fed's inflation expectations survey for June showed increased expectations in the one-year and three-year horizons. The survey is watched by the Federal Reserve. The international trade deficit widened considerably to $77.59 billion in May from $54.57 billion as imports increased and exports decreased. Redbook reported that US same-store retail sales were up 11.5% year-over-year in the week ended July 4, faster than a 10.5% gain in the prior week due to strong Fourth of July sales. Redbook's early forecast for the July sales month is for a 9.6% year-over-year gain. The Q2 GDP nowcast estimate from the Atlanta Fed is for a 1.4% gain, up from the previous estimate of a 1.2% gain.
The RealClearMarkets's sentiment index, the first consumer measure for July, rose to 45.5 from 42.5 in June, but still indicates more pessimism than optimism.
The New York Fed's inflation expectations survey for June showed increased expectations in the one-year and three-year horizons.
The survey is watched by the Federal Reserve.
The international trade deficit widened considerably to $77.59 billion in May from $54.57 billion as imports increased and exports decreased.
Redbook reported that US same-store retail sales were up 11.5% year-over-year in the week ended July 4, faster than a 10.5% gain in the prior week due to strong Fourth of July sales.
Redbook's early forecast for the July sales month is for a 9.6% year-over-year gain.
The Q2 GDP nowcast estimate from the Atlanta Fed is for a 1.4% gain, up from the previous estimate of a 1.2% gain.