Recent Market MetricsCurrentPrevious 
Canada Unemployment Rate
fell
to 12.3% in Jun, down from 13.7% in May
12.3%
13.7%
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The Canadian unemployment rate is reported monthly by Statistics Canada.
10-Jul-20 9:13 AM ET - Statistics CanadaNext: 07-Aug-20
US Producer/Wholesale Price Index
fell
0.2% in Jun
-0.2%
0.4%
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The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI). CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices can differ due to government subsidies, sales and excise taxes, and distribution costs.
10-Jul-20 8:36 AM ET - U.S. Bureau of Labor StatisticsNext: 11-Aug-20
30-Yr Fixed Mortgage Rate
fell
to 3.03% on Jul 9, Another All-Time Record Low, down from 3.07% on Jul 2
3.03%
3.07%
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  • 30-year fixed-rate mortgage averaged 3.03 percent with an average 0.8 point for the week ending July 9, 2020, down from 3.07 percent. A year ago at this time, the 30-year FRM averaged 3.75 percent.
  • 15-year fixed-rate mortgage averaged 2.51 percent with an average 0.8 point, down from last week when it averaged 2.56 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent with an average 0.3 point, up slightly from last week when it averaged 3.00 percent. A year ago at this time, the 5-year ARM averaged 3.46 percent.
09-Jul-20 10:19 AM ET - Freddie MacNext: 16-Jul-20
15-Yr Fixed Mortgage Rate
fell
to 2.51% on Jul 9, down from 2.56% on Jul 2 & the lowest since Jan 2013
2.51%
2.56%
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  • 30-year fixed-rate mortgage averaged 3.03 percent with an average 0.8 point for the week ending July 9, 2020, down from 3.07 percent. A year ago at this time, the 30-year FRM averaged 3.75 percent.
  • 15-year fixed-rate mortgage averaged 2.51 percent with an average 0.8 point, down from last week when it averaged 2.56 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent with an average 0.3 point, up slightly from last week when it averaged 3.00 percent. A year ago at this time, the 5-year ARM averaged 3.46 percent.
09-Jul-20 10:19 AM ET - Freddie MacNext: 16-Jul-20
5-Yr ARM
rose
to 3.02% on Jul 9, up from 3.00% on Jul 2
3.02%
3.00%
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  • 30-year fixed-rate mortgage averaged 3.03 percent with an average 0.8 point for the week ending July 9, 2020, down from 3.07 percent. A year ago at this time, the 30-year FRM averaged 3.75 percent.
  • 15-year fixed-rate mortgage averaged 2.51 percent with an average 0.8 point, down from last week when it averaged 2.56 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent with an average 0.3 point, up slightly from last week when it averaged 3.00 percent. A year ago at this time, the 5-year ARM averaged 3.46 percent.
09-Jul-20 10:19 AM ET - Freddie MacNext: 16-Jul-20
Mortgage Application Volume
rose
2.2% for the week ending Jul 3
2.2%
-1.8%
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WASHINGTON, D.C. (July 8, 2020) - Mortgage applications increased 2.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 3, 2020. This week's results include an adjustment for the Fourth of July holiday.
09-Jul-20 8:50 AM ET - MBANext: 16-Jul-20
Initial #Unemployment Claims totaled 1,314,000 for the week ending Jul 4
1,314,000
1,413,000
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In the week ending July 4, the advance figure for seasonally adjusted initial claims was 1,314,000, a decrease of 99,000 from the previous week's revised level. The previous week's level was revised down by 14,000 from 1,427,000 to 1,413,000. The 4-week moving average was 1,437,250, a decrease of 63,000 from the previous week's revised average. The previous week's average was revised down by 3,500 from 1,503,750 to 1,500,250.
09-Jul-20 8:46 AM ET - US Dept of LaborNext: 16-Jul-20
Durable Goods Total New Orders
rose
15.7% in May, the most since Jul 2014
15.7%
-18.3%
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Full Report:
The Manufacturers' Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
02-Jul-20 10:12 AM ET - USCBNext: 04-Aug-20
Capital Goods Core Capex
rose
1.6% in May, the most since Apr 2018
1.6%
-6.6%
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Full Report:
The Manufacturers' Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
02-Jul-20 10:12 AM ET - USCBNext: 04-Aug-20
US Unemployment Rate
fell
to 11.1% in Jun, down from 13.3% in May
11.1%
13.3%
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Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment ratedeclined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. Theseimprovements in the labor market reflected the continued resumption of economic activitythat had been curtailed in March and April due to the coronavirus (COVID-19) pandemicand efforts to contain it. In June, employment in leisure and hospitality rose sharply.Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services.

This news release presents statistics from two monthly surveys. The household surveymeasures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry.For more information about the concepts and statistical methodology used in these twosurveys, see the Technical Note.

Household Survey Data

The unemployment rate declined by 2.2 percentage points to 11.1 percent in June, andthe number of unemployed persons fell by 3.2 million to 17.8 million. Althoughunemployment fell in May and June, the jobless rate and the number of unemployed are upby 7.6 percentage points and 12.0 million, respectively, since February. (See table A-1.For more information about how the household survey and its measures were affected bythe coronavirus pandemic, see the box note at the end of the news release.)
02-Jul-20 8:34 AM ET - U.S. Bureau of Labor StatisticsNext: 07-Aug-20
US NonFarm Payroll
rose
4,800,000 in Jun
4,800,000
2,700,000
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Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment ratedeclined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. Theseimprovements in the labor market reflected the continued resumption of economic activitythat had been curtailed in March and April due to the coronavirus (COVID-19) pandemicand efforts to contain it. In June, employment in leisure and hospitality rose sharply.Notable job gains also occurred in retail trade, education and health services, other services, manufacturing, and professional and business services.

This news release presents statistics from two monthly surveys. The household surveymeasures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry.For more information about the concepts and statistical methodology used in these twosurveys, see the Technical Note.

Household Survey Data

The unemployment rate declined by 2.2 percentage points to 11.1 percent in June, andthe number of unemployed persons fell by 3.2 million to 17.8 million. Althoughunemployment fell in May and June, the jobless rate and the number of unemployed are upby 7.6 percentage points and 12.0 million, respectively, since February. (See table A-1.For more information about how the household survey and its measures were affected bythe coronavirus pandemic, see the box note at the end of the news release.)
02-Jul-20 8:34 AM ET - U.S. Bureau of Labor StatisticsNext: 07-Aug-20
EU Unemployment Rate
rose
to 7.4% in May, up from 7.3% in Apr
7.4%
7.3%
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The euro area (EA17) unemployment rate is published at the end of each month by Eurostat, the statistical office of the European Union. It is a seasonally-adjusted rate.
02-Jul-20 7:38 AM ET - EurostatNext: 30-Jul-20
US Construction Spending
fell
2.1% in May, to $1356.9 Billion/yr
-2.1%
-2.9%
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The Value of Construction Put in Place Survey provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor's profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964.
01-Jul-20 10:11 AM ET - USCBNext: 03-Aug-20
ISM Manufacturing Index
rose
to 52.6% in Jun, up from 43.1% in May & the highest level in 14 mos
52.6%
43.1%
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(Tempe, Arizona) — Economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The June PMI® registered 52.6 percent, up 9.5 percentage points from the May reading of 43.1 percent. This figure indicates expansion in the overall economy for the second straight month after April’s contraction, which ended a period of 131 consecutive months of growth. The New Orders Index registered 56.4 percent, an increase of 24.6 percentage points from the May reading of 31.8 percent. The Production Index registered 57.3 percent, up 24.1 percentage points compared to the May reading of 33.2 percent. The Backlog of Orders Index registered 45.3 percent, an increase of 7.1 percentage points compared to the May reading of 38.2 percent. The Employment Index registered 42.1 percent, an increase of 10 percentage points from the May reading of 32.1 percent. The Supplier Deliveries Index registered 56.9 percent, down 11.1 percentage points from the May figure of 68 percent.

“The Inventories Index registered 50.5 percent, 0.1 percentage point higher than the May reading of 50.4 percent. The Prices Index registered 51.3 percent, up 10.5 percentage points compared to the May reading of 40.8 percent. The New Export Orders Index registered 47.6 percent, an increase of 8.1 percentage points compared to the May reading of 39.5 percent. The Imports Index registered 48.8 percent, a 7.5-percentage point increase from the May reading of 41.3 percent.

“June signifies manufacturing entering an expected expansion cycle after the disruption caused by the coronavirus (COVID-19) pandemic. Comments from the panel were positive (1.3 positive comments for every one cautious comment), reversing the cautious trend which began in March. The manufacturing sector is reversing the heavy contraction of April, with the PMI® increasing month-over-month at a rate not seen since August 1980, with several other indexes also posting gains not seen in modern times. Demand expanded, with the (1) New Orders Index growing at a respectable level, supported by New Export Orders Index contraction softening; (2) Customers’ Inventories Index returning to a level considered a positive for future production, and (3) Backlog of Orders Index softening, although still contracting. Consumption (measured by the Production and Employment indexes) contributed positively (a combined 34.1-percentage point increase) to the PMI® calculation, with most companies’ employees returning to work in June. Inputs — expressed as supplier deliveries, inventories and imports — weakened, due to supplier delivery issues abating and import levels improving. Inventory levels reached parity with supply and demand. Inputs contributed negatively (a combined 11-percentage point decrease) to the PMI® calculation but were more than offset by the demand and consumption improvement. (The Supplier Deliveries and Inventories indexes directly factor into the PMI®; the Imports Index ds not.) Prices entered expansion again, but at marginal levels, supporting a positive outlook.

“As predicted, the growth cycle has returned after three straight months of COVID-19 disruptions. Demand, consumption and inputs are reaching parity and are positioned for a demand-driven expansion cycle as we enter the second half of the year. Among the six biggest industry sectors, Food, Beverage & Tobacco Products remains the best performing industry sector, and Computer & Electronic Products, and Chemical Products returned to respectable growth. Transportation Equipment and Fabricated Metal Products continue to contract, but at much softer levels,” says Fiore.

Of the 18 manufacturing industries, the 13 that reported growth in June — in the following order — are: Textile Mills; Wood Products; Furniture & Related Products; Printing & Related Support Activities; Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Plastics & Rubber Products; Chemical Products; Miscellaneous Manufacturing; Nonmetallic Mineral Products; Paper Products; and Electrical Equipment, Appliances & Components. The four industries reporting contraction in June are: Transportation Equipment; Primary Metals; Fabricated Metal Products; and Machinery.

01-Jul-20 10:09 AM ET - Institute of Supply ManagementNext: 03-Aug-20
ADP NonFarm Payroll
rose
2,369,000 in Jun
2,369,000
3,065,000
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Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
01-Jul-20 8:43 AM ET - ADPNext: 05-Aug-20
Case-Shiller 20-City Home Price Index
rose
4.0% in Apr vs. previous year, to 224.08
4.0%
3.9%
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The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
30-Jun-20 9:20 AM ET - Standard & Poor'sNext: 28-Jul-20
Canada GDP
contracted
at an annualized rate of 17.1% in Apr, the lowest rate since Mar 2009
-17.1%
-5.8%
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Canadian GDP is reported monthly by Statistics Canada. The annual growth rate is the percentage change of current-month GDP at basic prices from the same month one year ago.
30-Jun-20 8:36 AM ET - Statistics CanadaNext: 31-Jul-20
US Consumer Confidence
rose
to 78.1 in Jun, up from 72.3 in May
78.1
72.3
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The Surveys of Consumers is a rotating panel survey based on a nationally representative sample that gives each household in the coterminous U.S. an equal probability of being selected. Interviews are conducted throughout the month by telephone. The minimum monthly change required for significance at the 95% level in the Sentiment Index is 4.8 points; for Current and Expectations Index the minimum is 6 points.
26-Jun-20 10:40 AM ET - Thompson Reuters U. MichiganNext: 31-Jul-20
US Personal Income
fell
4.2% in May, the largest drop since Jan 2013
-4.2%
10.8%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
26-Jun-20 8:54 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jul-20
US Personal Savings was 23.2% in May, down from 32.2% in Apr
23.2%
32.2%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
26-Jun-20 8:54 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jul-20
US Consumer Spending (PCE)
rose
0.1% in May
0.1%
-0.5%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
26-Jun-20 8:54 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jul-20
US Core Consumer Spending PCE
rose
0.1% in May
0.1%
-0.4%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
26-Jun-20 8:54 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jul-20
US Disposable Income
fell
4.9% in May, the largest drop since Jan 2013
-4.9%
13.1%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
26-Jun-20 8:54 AM ET - U.S. Bureau of Economic AnalysisNext: 31-Jul-20
US Corporate Profits
fell
14.1% in Q1 (vs. Q1 2019), revised from -11.1%, to $1.64 Trillion/yr,
-14.1%
4.1%
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Revised Estimate:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $262.8 billion in the first quarter, in contrast to an increase of $53.0 billion in the fourth quarter (table 10).



Profits of domestic financial corporations decreased $37.5 billion in the first quarter, in contrast to an increase of $0.7 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $181.8 billion, in contrast to an increase of $53.7 billion. Rest-of-the-world profits decreased $43.5 billion, compared with a decrease of $1.4 billion.

25-Jun-20 8:39 AM ET - U.S. Bureau of Economic AnalysisNext: 27-Aug-20
US Real GDP
contracted
at an annualized rate of 5.0% in Q1, unrevised from previous estimate, the lowest rate since Mar 2009
-5.0%
2.1%
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Third Estimate:
Real gross domestic product (GDP) decreased at an annual rate of 5.0 percent in the first quarter of 2020 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.1 percent.

The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the decrease in real GDP was also 5.0 percent. With the third estimate, an upward revision to nonresidential fixed investment was offset by downward revisions to private inventory investment, personal consumption expenditures (PCE), and exports (see "Updates to GDP" on page 2).

25-Jun-20 8:36 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Jul-20
New Home Sales
rose
16.6% in May, to 676,000/yr
676,000
580,000
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Sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000, according tstimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.This is 16.6 percent (±15.5 percent) above the revised April rate of 580,000 and is 12.7 percent (±23.5 percent)*above the May 2019 estimate of 600,000.
23-Jun-20 10:06 AM ET - USCBNext: 24-Jul-20
Existing Home Sales
fell
9.7% in May, to 3,910,000/yr, the lowest level since Oct 2010
3,910,000
4,330,000
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Jun-20 10:41 AM ET - National Association of RealtorsNext: 22-Jul-20
Home Sales Inventory
rose
20.0% in May, to 4.8 months, to the highest level since Jul 2016
4.8
4.0
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Jun-20 10:41 AM ET - National Association of RealtorsNext: 22-Jul-20
Housing Starts
rose
4.3% in May, to 974,000/yr
974,000
934,000
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Privately-owned housing starts in May 2020 were at a seasonally adjusted annual rate of 974,000. This is 4.3 percent (+/- 15.5%)* above the revised April 2020 estimate of 934,000.


May 2020: +4.3* % change
April 2020 (r): -26.4 % change

17-Jun-20 10:08 AM ET - USCBNext: 17-Jul-20
EU Inflation (HICP)
fell
to 0.1% in May, down from 0.3% in Apr & the lowest since Jun 2016
0.1%
0.3%
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The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB).
17-Jun-20 8:50 AM ET - EurostatNext: 17-Jul-20
UK Producer/Wholesale Price Inflation
fell
to -1.4% in May, down from -0.7% in Apr & the lowest since Nov 2015
-1.4%
-0.7%
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  • The headline rate of output inflation for goods leaving the factory gate was negative 1.4% on the year to May 2020, down from a negative 0.7% in April 2020.

  • The price for materials and fuels used in the manufacturing process displayed negative growth of 10.0% on the year to May 2020, up from negative growth of 10.2% in April 2020.

  • Petroleum products made the largest downward contribution to the change in the annual rate of output inflation.

  • Prices for petroleum products have seen a record fall on the year to May 2020, driven by large falls in crude oil prices in March and April 2020, which have continued to feed through the supply chain, as well as reduced demand for petrlum products, particularly for transport, during the coronavirus (COVID-19) pandemic.

  • Crude oil continued to provide the largest downward contribution to the annual rate of input inflation.

17-Jun-20 8:44 AM ET - UK Office of National StatisticsNext: 15-Jul-20
UK Inflation
fell
to 0.7% in May, down from 0.9% in Apr & the lowest since Aug 2016
0.7%
0.9%
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  • The Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate was 0.7% in May 2020, down from 0.9% in April 2020.

  • The largest contribution to the CPIH 12-month inflation rate in May 2020 came from recreation and culture (0.23 percentage points).

  • Falling prices for motor fuels and a variety of recreational and cultural goods resulted in the largest downward contributions to the change in the CPIH 12-month inflation rate between April and May 2020.

  • Rising prices for food and non-alcoholic drinks resulted in a partially offsetting upward contribution to change.

  • As a result of the ongoing coronavirus (COVID-19) pandemic, we identified 74 CPIH items (or 14.2% of the CPIH basket by weight) that were unavailable to UK consumers in May, as detailed in table 58 of the Consumer price inflation dataset; this is down from 90 unavailable items in April; compared with the February 2020 index (the most recent normal collection), we have collected a weighted total of 81.6% (excluding unavailable items) of the number of price quotes for the May 2020 index, although the coverage varies across the range of items.

  • The Consumer Prices Index (CPI) 12-month rate was 0.5% in May 2020, down from 0.8% in April.

17-Jun-20 8:44 AM ET - UK Office of National StatisticsNext: 15-Jul-20
Canada Inflation
rose
to 0.1% in May, up from -0.7% in Apr
0.1%
-0.7%
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The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.

The goods and services in the CPI basket are divided into 8 major components: Food; Shelter; Household operations, furnishings and equipment; Clothing and footwear; Transportation; Health and personal care; Recreation, education and reading, and Alcoholic beverages, tobacco products and recreational cannabis. CPI data are published at various levels of geography including Canada, the ten provinces, Whitehorse, Yellowknife and Iqaluit, and select cities.

17-Jun-20 8:40 AM ET - Statistics CanadaNext: 22-Jul-20
US Retail Sales
rose
17.7% in May, to $485.5 Billion
17.7%
-16.4%
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U.S. retail and food services sales for May 2020 were $485.5 billion, an increase of 17.7 percent (+/-0.5%) from the previous month.


May 2020: +17.7 % change
April 2020 (r): -14.7 % change

16-Jun-20 8:48 AM ET - USCBNext: 16-Jul-20
UK Unemployment Rate
remained at
3.9% in Apr
3.9%
3.9%
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The UK unemployment rate for the three months to April 2020 was estimated at 3.9%, 0.1 percentage points higher than a year earlier but largely unchanged on the previous quarter.
16-Jun-20 8:30 AM ET - UK Office of National StatisticsNext: 14-Jul-20
UK GDP
contracted by
10.4% in the 3 months to Apr, the largest fall the UK has ever seen
-10.4%
-2.0%
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The UK Office for National Statistics publishes Preliminary Estimates of GDP approximately one month after the end of a given quarter, followed by Second Estimates a month later and the Final Estimates a month after that.
12-Jun-20 8:03 AM ET - UK Office of National StatisticsNext: 10-Jul-20
EU GDP
contracted
at an annualized rate of 1.4% in Q1, the lowest rate since Dec 2009
-1.4%
2.8%
collapse/expand
European Union gross domestic product (GDP) is published by the Europan Central Bank at market prices. It is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes.
12-Jun-20 8:00 AM ET - ECBNext: 20-Jul-20
US Treasury reported a
deficit
of $399 Billion in May
-$399
-$738
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The US Treasury publishes the Monthly Treasury Statement (MTS) at 2:00 PM on the 8th business day of each month.

The MTS summarizes the financial activities of the federal government and off-budget federal entities in accordance with the Budget of the U.S. Government, inlcuding:

  • Receipts and outlays
  • Surplus or deficit
  • Means of financing on a modified cash basis

Data provided by federal entities, disbursing officers, and Federal Reserve Banks.

10-Jun-20 2:22 PM ET - US Department of the TreasuryNext: 13-Jul-20
Overall US Inflation
fell
0.1% in May
-0.1%
-0.8%
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The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
10-Jun-20 8:36 AM ET - U.S. Bureau of Labor StatisticsNext: 14-Jul-20
Core US Inflation
fell
0.1% in May
-0.1%
-0.4%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
10-Jun-20 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 14-Jul-20
US Productivity
decreased
at an annualized rate of 0.9% in Q1, the largest drop since Dec 2015
-0.9%
1.2%
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Final:
First Quarter 2020, Revised

Nonfarm business sector labor productivity decreased 0.9 percent in the first quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output decreased 6.5 percent and hours worked decreased 5.6 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the first quarter of 2019 to the first quarter of 2020, productivity increased 0.7 percent, reflecting no change in output and a 0.7-percent decrease in hours worked. (See table A1.)
04-Jun-20 8:57 AM ET - U.S. Bureau of Labor StatisticsNext: 03-Sep-20
1-Yr ARM
remained at
2.68% on Dec 31
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Mortgage Rates Top Four Percent

MCLEAN, VA--(Marketwired - Dec 31, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher with the 30-year fixed-rate mortgage breaking above four percent for the first time in five months.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.6 point for the week ending December 31, 2015, up from last week when it averaged 3.96 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. 

  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from 3.22 percent last week. A year ago at this time, the 15-year FRM averaged 3.15 percent. 

  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08 percent this week with an average 0.4 point, up from last week when it averaged 3.06 percent. A year ago, the 5-year ARM averaged 3.01 percent.

  • 1-year Treasury-indexed ARM averaged 2.68 percent this week with an average 0.2 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.40 percent. 

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

As of January 1, 2016, the PMMS will no longer provide results for the 1-year ARM. Additionally, the regional breakouts will not be provided for the 30-year and 15-year fixed rate mortgages, and the 5/1 Hybrid ARM.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

"In the final week of 2015, Treasury yields jumped reacting in part to strong consumer confidence in December. In response, the 30-year mortgage rate rose 5 basis points to 4.01 percent, ending a 5-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year mortgage rate to average 4.7 percent for the fourth quarter of 2016."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.



31-Dec-15 10:48 AM ET - Freddie MacNext: 07-Jan-16