Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday's Economic Digest
Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday's Economic Digest
Economic data released Thursday morning revealed slightly higher-than-expected weekly unemployment claims, sharp contractions in housing starts and building permits, and a drop in a business outlook survey within the Philadelphia Federal Reserve District.
週四上午發佈的經濟數據顯示，每週失業救濟金申領人數略高於預期，住宅開工和建築許可大幅收縮，並且費城聯邦儲備銀行區內的商業前景調查下降。
Thursday's Economic Releases: Key Highlights
週四的經濟數據發佈要點
- The number of people filing for jobless claims in the U.S. fell by 5,000 to 238,000 in the week ending June 15, slightly exceeding market expectations of 235,000 as tracked by Econoday.
- The four-week moving average for initial claims, which smooths out week-to-week volatility, increased from 227,250 to 232,750, marking the highest level since September 2023.
- In May 2024, housing starts saw a significant decline, dropping 5.5% month-over-month to an annualized rate of 1.27 million. This was a decrease from a revised 1.352 million in April and fell short of the 1.37 million forecast. Single-family housing starts decreased by 5.2% to 982,000, while starts for buildings with five or more units were at 278,000.
- Building permits also dropped by 3.8% to a seasonally adjusted annual rate of 1.386 million in May 2024, down from 1.44 million in April, the lowest level since June 2020 and below the expected 1.45 million.
- The Philadelphia Federal Reserve's general activity index fell by 3 points to 1.3 in June, the lowest since January 2024 and below the forecast of 5.2. The current shipments index decreased by 6 points to -7.2, its lowest since December. The new orders index, while still negative, improved from -7.9 in May to -2.2 in June.
- The employment index rose but remained negative for the eight straight month, indicating a continued overall decline in employment levels.
- Regarding prices, both price indexes suggested ongoing overall price increases. The prices paid index rose 4 points to 22.5, while the current prices received index soared 7 points to 13.7.
- Most future activity indicators stayed positive but pointed to less widespread expectations for growth over the next six months.
- 美國申領失業救濟金的人數在截至6月15日的一週內下降了5000人，達到238000人，略高於Econoday跟蹤的市場預期235000人。
- 初始索賠的四周移動平均數，平滑了周到周的波動，從227250上升至232750，創下自2023年9月以來的最高水平。
- 2024年5月，住房開工量大幅下降，環比下降5.5%，至年化率127萬套，低於4月修正後的135.2萬套，而且不及137萬套的預期。單戶住房開工下降了5.2%，至98.2萬套，而五戶及以上住宅開工量爲27.8萬套。
- 五月建築許可證也下降了3.8%，至年調整後的138.6萬套，低於預期的145萬套，這是自2020年6月以來的最低水平。
- 6月費城聯邦儲備銀行的一般活動指數下降3個點，至1.3，爲2024年1月以來的最低點，低於預期的5.2。目前的裝運指數下降6個點，至-7.2，爲去年12月以來的最低值。而新訂單指數雖然仍爲負數，但從5月的-7.9上升至6月的-2.2。
- 就就業情況而言，就業指數雖然有所上升，但連續第八個月保持負數，表明就業水平仍在普遍下降。
- 至於價格，兩個價格指數都表明整體價格上漲。支付價格指數上升4個點至22.5，而當期收到的價格指數則飆升7個點至13.7。
- 大多數未來活動指標仍呈正值，但指向未來六個月的增長預期較爲有限。
Market Reactions
市場反應
Treasury yields witnessed a slight uptick following the releases, with the 10-year yield rising from 4.23% to 4.26%.
隨着數據發佈，國債收益率略有上升，10年期國債收益率從4.23%升至4.26%。
The rate-sensitive 2-year yield, meanwhile, held steady at 4.73%.
與此同時，對利率敏感的2年期國債收益率保持穩定，爲4.73%。
The greenback held session gains, with the U.S. Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), up 0.3% for the day.
美元保持漲幅，紐交所智能手機指數(ETF)(NYSE:UUP) 所跟蹤的美元指數(DXY)當天上漲0.3%。
Futures on major U.S. equity indices traded higher during the premarket trading on Thursday. Contracts on the S&P 500 and the Nasdaq 100 were 0.3% and 0.4% higher, respectively, yet they marginally trimmed gains following the data.
週四在美國主要股指期貨交易中交易上漲。標普500指數和納斯達克100指數合約分別上漲0.3%和0.4%，但在數據公佈後略有回落。
On Tuesday, both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ), closed at record highs, driven by outperformance of the technology sector.
週二，科技股表現強勁，SPDR標普500 ETF信託(NYSE:SPY)和納斯達克100ETF-Invesco QQQ Trust(NASDAQ:QQQ)均達到歷史新高。
Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。