FMI’s analysis of this morning’s June Industrial Production report and June PPI data. Also this morning, the NY Fed’s Business Leaders Survey, a regional services index, fell -4 points to a still-healthy 12 in July (zero is break-even). The services employment measure held steady at 12.
Costs vs. Benefits on Beijing’s Abrasive Tactics in South China Sea Not Currently Big Subject of Internal Debate within Leadership
Experts Unclear about Beijing’s Motivations/Ambitions in South China Sea, Worried About Crudeness of Xi’s Tactics
April-May Post-Tax Hike Spending Tracks Fairly Closely the Pattern in 1997
Also of note this week will be April Durable Goods Orders and Personal Income reports on Tuesday and Friday, respectively. Tuesday’s March Home Prices data should show continued solid year-over-year appreciation, though momentum is slowing gradually.
Apartment Construction Adds to Economy also