文档介绍：Report | Macro Analysis
Regular Report Housing Prices on the Rise Amid Weak Economic Recovery
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3 July 2012 US Economic Data Weekly Wrap(1 Week July)
Key Data Economic Data/Event Review:
USA
% 11 12E The S&P/Case-Shiller 20-posite index gained %, with 19 out of
GDP 20 cities registering gains, which indicated a broader recovery in the housing market.
CPI New home sales in May were at a seasonally adjusted annual rate (SAAR) of
Unemployment
Trade 369 thousand. The median price of new homes sold was $234500 in May, up %
- -
balance/GDP YoY, implied an improved housing market. A supply of months at the current
Fiscal
- - sales rate will bolster the housing market correction.
balance/GDP Pending home sales climbed % in May, hitting the level of April 2010,
Policy rate
Dollar Index which is expected to support the existing home sales in the next 1-2 months.
Eurozone Orders for long-lasting . goods rose % in May, mainly due to the
% 11 12E increase in orders for transportation equipments. As the impacts brought by the tax
GDP - stimulus at the end of last year dissipate, corporate spendings will be gradually
CPI restored. However, weak orders in March and April will put pressure on .
Unemployment economic growth.
Trade
- -
balance/GDP The final estimate on . economic growth in the first quarter of the year
Fiscal was unrevised from the previous estimate and came in line with the expectation.
- -
balance/GDP Weaker inventory changes in the first quarter suggested that inventory change is
Policy rate 1 1 more likely to make contribution to the GDP growth in the second half of 2012.
Dollar Index . consumer confidence has declined for a fourth month due to gloomier
views in June on future business conditions and e. Moderate inflation pre