THE BASIS POINT

Existing Home Sales at 8 year High.

 

Jobless Claims (week ended 8/15/2015)

– New Claims seasonally adjusted  277,000. Previous was 273,000
– New Claims  unadjusted 229,674  a decrease of 9,652 from previous
– 4-week Moving Average seasonally adjusted   271,500. Previous was 266,000

Philadelphia Federal Reserve Business Outlook Survey  (August 2015)

– General Business Conditions Index  8.3. Previous was 5.7

 

Existing Home Sales (July 2015)

– Existing Home Sales seasonally adjusted, annualized  5,590,000. Previous was 5,480,000.

Existing Home Sales is at an 8 year high.

 

Leading Indicators (July 2015)

– Leading Indicators month/month -0.2%. Previous was +0.6%.

 

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