By the numbers: The economy this week
Update for July 26, 2021
Highlights of key economic statistics from last week compiled by Putnam Investments.
- Housing starts jumped 6.3% in June compared with May, the Census Bureau stated.
- Existing home sales rose 1.4% in June, the National Association of Realtors reported.
- The Conference Board Leading Economic Index increased in June.
- Initial jobless claims rose by 51,000 to 419,000 in the week ended July 17, 2021, compared with the previous week, the Department of Labor reported.
- As of July 15, 2021, of the 41 S&P 500 Index companies reporting second-quarter earnings, 35 beat analysts’ estimates, according to S&P Dow Jones Indices.
- The European Commission’s Flash Consumer Confidence Indicator edged down in June.
- The IHS Markit Flash Eurozone PMI Composite Output Index rose to 60.6 in July from 59.5 in June.
- Germany’s producer prices increased 1.3% in June compared with May, according to the Federal Statistical Office.
- The yield on the 10-year Treasury note inched higher.
- The European Central Bank said it expects interest rates to remain at their present or lower levels until inflation reaches its 2% target.
- Divergent vaccination rollout timelines and virus mutations risk could cause a shift from a synchronized global recovery to a more fractured regional, multispeed recovery.
- Global leverage, created by pandemic response packages, is at worrisome levels and will eventually need to be paid for.
- Pandemic and financial repression policies have exacerbated global wealth inequality.
All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.
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