Marketwatch 666

Major economic reports released during the past week included the Commerce Department’s report on our International Trade for June , and the Full Report on Manufacturers’ Shipments, Inventories and Orders for June and the June report on Wholesale Trade, Sales and Inventories , both of which were from the Census Bureau…..in addition, this week also saw the Consumer Credit Report for June from the Fed, which reports on non-real estate consumer borrowing, and which indicated consumer credit outstanding grew by a seasonally adjusted ​$7.4 billion in June, or at a 1.8% annual rate, as non-revolving credit grew at a 2.7% rate to $3,757.6 billion, while revolving credit outstanding fell at a 1.0% rate to $1,297.0 billion…for the second quarter, consumer credit grew at a 2.3% annual rate, with revolving credit up at an 0.7% annual and non-revolving credit up at a 2.9% annual rate…. The major private report released this week was the July 2024 Services Report On Business from the Institute...

The key economic releases from the past week were the 1st, or advance estimate of 2nd quarter GDP and the June report on Personal Income and Spending , both from the Bureau of Economic Analysis, the Employment Situation Summary for July and the Job Openings and Labor Turnover Survey (JOLTS) for June , both from the Bureau of Labor Statistics, and a June report that included metrics which were only estimated in the week’s release of 2nd quarter GDP: the June report on Construction Spending (pdf) from the Census Bureau…Last week also saw the release of the last regional Fed manufacturing survey for July: the Dallas Fed’s Texas Manufacturing Outlook Survey , which also covers adjacent western Louisiana and southeastern New Mexico, indicated its general business activity index rose to +0.9 in July from -12.7 in June, indicating a small plurality of Texas businesses are now experiencing improvement, after five months wherein the majority had reported a slowdown.. Privately issued repor...