June 1, 2009 Economic indicators for the final week of May….
A quick review of the indicators released last week. All of the indicators are showing signs of improving, and most above the rate projected by many economists. However, new home sales for April is still largely flat. Additionally, the median home values in April increased slightly from March to $209,700 (but is still down 15% from 2008). Here are the national indicators released last week:
- Existing home sales for April up 2.9% (Expected +2.0%
- Durable goods for April, up 1.9% (Expected +0.4%)
- New home sales for April, 0.3% (Expected +1.1%)
- Personal consumption for the 1st quarter, up 1.5% (expected up 2.0%)