Download the July 2018 Snapshot
- Real consumer spending was essentially flat in May.
Even though both durable and nondurable goods expenditures continued to grow at a solid pace, services expenditures declined.
- Business equipment spending rose moderately in 2018Q1 and has exhibited solid growth over the past four quarters.
New orders of capital goods (excluding aircraft) have moved slightly above shipments, suggesting some momentum over the near term.
- Housing indicators point to continued gradual improvement in this sector.
Tight housing supply and a strong labor market have the potential to provide continuing support to the housing sector, even with higher mortgage interest rates.
- Payroll growth remained robust in June, and was upwardly revised for both April and May. The unemployment rate ticked up, partly due to a rise in labor force participation. The employment-to-population ratio was unchanged.
The latest readings of various measures of labor compensation continued to point to modest firming of wage growth.
- Core PCE inflation continued to run at a level roughly consistent with the FOMC’s longer-run objective.
- Amid some notable fluctuations, U.S. equity indices were little changed over the past month, and volatility rose slightly. The nominal 10-year Treasury yield declined moderately. The broad trade-weighted dollar index increased modestly. Non-energy commodity prices generally fell.
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
2018 Release Dates
Publication is normally on a Monday, with three Friday exceptions noted.
** Released at 11am.