New Home Sales
May 28, 2026 New home sales fell 6.2% in April to 622 thousand after having risen 3.4% in March. In the past year new home sales have declined 11.3%. New home sales continue their slump. Mortgage rates are now 6.5%. If inflation slows gradually this year...
GDP
May 28, 2026 The second estimate of first quarter GDP rose 1.6% which compares to the preliminary estimate of 2.0%. GDP rose 0.5% the fourth quarter. First quarter growth remained anemic as the war with Iran reduced growth late in the quarter. Final sales is GDP...
Final Sales
May 28 2026 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
Final Sales to Domestic Purchasers
May 28, 2026 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas -- our exports. And we purchase goods from other countries -- our imports. In the never-ending...
Gross Domestic Purchases Deflator
Maya 28, 2026 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
Personal Income and Consumption Expenditures — Monthly
May 28 2026 Personal income was unchanged in April after having risen 0.5% in March. In the past year personal income has climbed 2.5%. Slower jobs growth has caused a much slower rate of growth in income since the beginning of last year. The growth in income...
Corporate Profits
May 28, 2026 Corporate profits from current production (corporate profits before tax with inventory valuation and capital consumption adjustments) rose $40 billion in the first quarter which works out to a 0.9% annual rate after rising at a 6.0% pace in the fourth...
Initial Unemployment Claims
May 28, 2026 Initial unemployment claims rose by 5 thousand to 215 thousand in the week ending May 23 after having declined 2 thousand in the previous week. The number of people receiving unemployment benefits rose 15 thousand in the week ending May 16 to 1,786...
Durable Goods Orders
May 27, 2026 Durable goods orders jumped 7.9% in April after increasing 1.3% in March. Durable goods orders have risen17.2% in the past year. Much of the change in durables is frequently in the transportation sector -- airplanes, cars, and trucks. In April...
Consumer Confidence
May 26, 2026 . The Conference Board reported that consumer confidence fell 0.7 point in May to 93.1 after having risen 1.6 points in April. Senior Economist at the Conference Board, Dana Peterson, said, “Consumer confidence edged downward in May as the inflationary...
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