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These are the highlights in the US economic indicators that will be released this week. The median forecast of Thomson’s IFR market. The median forecast by the Thomson’s IFR Market has been provided. June 18, 2007, hitting a low of 30 in May of the National Association of Home Builders Housing Market index the economists can’t see reasons for optimism this June, as for some forecasters see decline, 30 is the median forecast. June 19, 2007
According to Lynn Reaser "The outlook for housing starts to get whacked," and the Banc of American Investment Advisers said that "as builders continued to scale back plans in May to accommodate high inventories of unsold homes."
The reported expectancy in the Commerce Department is 1.475 million new houses will start in May with the issuance of 1.486 million in building permits. June 21, 2007 the forecast in the initial jobless claims has been repeated as of previous week with 311,000. As stated by Roger Kubarych in HVB “Layoffs seem to have steadied just above the 300,000 a week level," and according to Joeff hall in the Thomson IFR Markets "The insured unemployment rate hasn't budged from 1.9 pct for months."
The continuing claim forecast is 2.500 mln. Expect a rebound in the Conference Board's May Index of Leading Economic Indicators to +0.2 pct from -0.5 pct. "Higher consumer expectations and gains in equities should push the index higher,"
The survey in the June Philly Fed is "is likely to reinforce recent evidence of accelerating factory activity" as said by Tony Cescenzi in the Miller Tabak. Now the index is looked by the economist to come up to at least 6.3 from 4.2.
23:18
Posted on Jun-16-2007
