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The City Café

“Stay up to date on important information for local government leaders.”

May 27, 2009 Review of National Economic Indicators

Mostly good news, or at least better news from last week’s national economic indicators. Here is a quick summary. 

  • Housing market index for May up to 16 (expected up 2 to 16) 
  • Housing starts for April 458,000…not so good news (expected 520,000) 
  • Building permits for April 494,000 (expected 530,000) 
  • Leading indicators for April up 1.0%…good news (expected +0.8%) 
  • Initial jobless claims down 12,000 (expected to be down 12,000)