2nd quarter GDP; June’s reports on income and outlays, and durable goods
The key economic releases from last week were the 1st, or advance estimate of 2nd quarter GDP and the June report on Personal Income and Spending , and a June report that included metrics which were later included in the week’s release of 2nd quarter GDP: the June advance report on durable goods ….this week also saw the release of the S&P CoreLogic Case-Shiller home price indexes for May from S&P Global , which is based on a 3-month average of March, April and May home repeat sales closing prices, and which reported that their national home price index was 1.1% higher than their home price index over the same three months of a year ago, up from the 0.9% annual increase they reported for April, but down from the 2.3% annual increase they reported a year ago…. This week also saw the release of the last two regional Fed manufacturing survey for July: the Dallas Fed’s Texas Manufacturing Outlook Survey , which also covers adjacent western Louisiana and southeastern New Mexico, ind...