Wednesday, July 1, 2015 - 12:12 US ISM's Holcomb: Purchasing Managers Not Watching Greece 0
--ISM Employment Index Jumps 3.8 Points in June
WASHINGTON (MNI) - The solid optimism seen in the latest Institute for Supply Management report on U.S. manufacturing, particularly the surge in the employment index a day before the June jobs report, arrived despite the ricocheting headlines on Greece, which purchasing managers are not really watching, the ISM survey chief said following the report Wednesday.
The June ISM report's own headlines showed a 0.7 improvement in the top line Purchasing Managers Index to 53.5, bringing the 12-month average to 54.7 and the string of months to 30 on the growth side of the breakeven 50 index reading.
Wednesday, July 1, 2015 - 10:01 US NAR: Housing Will Pick Up in Second Half of the Year - Text 0
WASHINGTON (MNI) - The following are excerpts from a forecast update for the housing industry and the general U.S. economy from the National Association of Realtors' Chief Economist Lawrence Yun, published Wednesday:
- GDP growth was slightly negative in the first quarter but will pick up in the second half. For the year as whole, GDP will expand at 2.1 percent. Not bad but not great. A slow hum.
- Consumer spending will open up because of lower gasoline prices. Personal consumption expenditure grew at 2.1 percent rate in the first quarter.
Wednesday, July 1, 2015 - 09:35 US Car Sales: General Motors Total Sales Down 3% - TEXT 0
WASHINGTON (MNI) - General Motors released Wednesday the following statement about June sales:
Chevrolet retail sales up 9 percent, surpassing Ford Division Chevrolet total pickup deliveries climb 33 percent; Silverado outsells F-Series on a retail basis Best June ever for Chevrolet crossovers GMC retail sales up 12 percent; total pickup sales up 37 percent Commercial deliveries up for 20th consecutive month
DETROIT - Chevrolet, Buick, GMC and Cadillac dealers in the United States delivered 259,353 vehicles in June 2015. Retail deliveries climbed 7 percent year over year, and they were up more than the industry for the third month in a row. The drivers were stronger Cadillac sales, a 12 percent gain at GMC and a 9 percent...
Wednesday, July 1, 2015 - 08:15 Reality Check: June US Auto Sales Grind Higher, Dealers Say 0
Repeats Story Initially Transmitted at 18:30 GMT Jun 30/14:30 EST Jun 30
--Auto Dealers: Sales Still Vibrant But Growth Pace Moderating
--Truck, SUV Sales Robust as Low Gas Prices Skew Sales Mix Larger
--Consumer Confidence Improving
NEW YORK (MNI) - Retail sales of new vehicles rose in June, but for most major brands, the rate of gains isn't quite as fierce as a year ago, according to auto dealers around the country.
Dealers told MNI that following a brawny 2014, even incremental gains translate into lively commerce.
Wednesday, July 1, 2015 - 07:00 US MBA Text: Refis -5.0%; Mkt Composite -4.7% June 26 Week 0
WASHINGTON (MNI) - The following is the Mortgage Bankers Association summary of its weekly survey of mortgage applications, published Wednesday:
Mortgage applications decreased 4.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending June 26, 2015.
The Market Composite Index, a measure of mortgage loan application volume, decreased 4.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5 percent compared with the previous week. The Refinance Index decreased 5 percent from the previous week to its lowest level since December 2014. The seasonally adjusted Purchase Index decreased...
Wednesday, July 1, 2015 - 05:43 China's Li: May, June Data Not Just Stabilized But Improving 0
BEIJING (MNI) - China's Premier Li Keqiang said Wednesday that some economic indicators have improved over the past two months, reiterating his confidence in hitting this year's growth targets.