Download the July 2017 Snapshot
- While real consumer spending rose at a modest pace in May, data still suggest a notable pickup in consumption growth in Q2 compared to Q1. Auto sales have continued to slow this year from the strong pace of 2016.
- Capital spending indicators suggest rather sluggish growth for business equipment spending in Q2, with signals of only modest near-term momentum.
- Housing activity data indicate that the gradual recovery in this sector is being maintained, while surveys generally signal a solid pickup in manufacturing activity.
- Payroll growth was solid in June. The unemployment rate, the employment-to-population ratio and the labor force participation rate all increased slightly. Growth in labor compensation measures remains subdued.
- Recent monthly readings on PCE inflation remain soft, suggesting a pause in the progress toward the FOMC’s longer-run objective.
- U.S. equity indexes were little changed overall, while the nominal yield on the 10-year Treasury note has moved up since late June. The trade-weighted index for the U.S. dollar and the price of oil have been relatively stable.
We post accompanying data for the charts, if permitted, with the intent to expand the series to the fullest extent possible.
Read more about the launch of the series: Just Released: U.S. Economy in a Snapshot
, Liberty Street Economics
, June 2015
2017 Release Dates