PM Datanote: US Existing Home Sales, May

Sales likely to continue to stagnate.

June 2025 - US Economic Chartbook

LEADING LABOR MARKET INDICATORS HAVE WORSENED…

THE FED WILL EASE IN SEP, BEFORE INFLATION PEAKS

PM Datanote: US NAHB Housing Market Index, June

Demand still falling amid high mortgage rates and elevated uncertainty.

PM Datanote: US Retail Sales, May

Underlying sales volumes holding up...for now.

PM Datanote: US Industrial Production, May

Holding on to Q1's gains, for now.

PM Datanote: US Michigan Sentiment Survey, June

 A broken compass.

PM Datanote: US Weekly Jobless Claims, June 7

More to the uptick in claims than residual seasonality.

PM Datanote: US CPI, May

Still waiting for the tariffs to hit.

PM Datanote: US PPI, May

Tariff pressures remain muted, for now.

PM Datanote: US NFIB Small Business Optimism Survey, May

Sentiment up from the April lows, but small businesses remain under pressure.

PM Datanote: US JOLTS, April

Rise in openings irreconcilable with other evidence.

PM Datanote: US ISM Services Survey, May

We doubt services inflation will reaccelerate sharply.

PM Datanote: US ADP Employment, May

More noise than signal.

PM Datanote: US ISM Manufacturing Survey, May

Manufacturing remains under pressure.

PM Datanote: US Weekly Jobless Claims, May 24

Cracks starting to show in the labor market.

PM Datanote: US Advance Goods Trade, April

Net trade and inventories on course for a big combined boost to headline GDP in Q2.

PM Datanote: US Personal Income & Spending, April

Consumption still resilient, but a slowdown looms.

PM Datanote: US Pending Home Sales, April

Tariff uncertainty comes for the housing market.

PM Datanote: US Consumer Confidence, May

Consumers breathe a sigh of relief, but the labor market still is softening.

PM Datanote: US Durable Goods Orders, April

Equipment investment is set to fall sharply.