Succinct Summation of Week’s Events 6.19.15

Succinct Summations week ending June 19th

Positives:

1. Building permits rose 11.8% to an annualized pace of 1.1m, the highest number since 2007.
2. Homebuilder sentiment rose to 59, up from 54 and higher than the 56 expected.
3. Weekly jobless claims came in at 267k, vs expectations of 279k.
4. Philly fed index rose to 15.2, versus expectations for a reading of 9.

Negatives:

1. Consumer price index rose 0.4%, up from 0.1% previously and lower than the 0.5% expected.
2. Empire fed came in at -2 vs +6 expected.
3. Capacity utilization fell to 78.1%, down from 78.3% in May.
4. Housing starts fell 11.1% to an annualized pace of 1.04m, vs the 4% expected decline.
5. Core CPI rose 0.1%, down from 0.3% previously and below the 0.2% expected.

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