2nd Quarter Real GDP Is Going To Come In At Over 4%!

The 2nd Quarter is setting up to be a monster for real GDP!

From the article linked above:

The Bureau of Economic Analysis (BEA) Personal Income and Outlays report shows wages and salaries gained for the fifth straight month. Personal income increased by an estimated $47.8 billion (0.3 percent) in March.

Disposable personal income (DPI) increased $39.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.7 billion (0.4%).

From the article linked above:

The MNI Chicago Business Barometer rose slightly by 0.2 to 57.6 in April, up from 57.4 in March and ending a 3-month long downward trend.

Nevertheless, the Institute for Supply Management (ISM) said business activity continued to rise at a solid pace in April, with growth in firms’ operations up for the first time this year.

From the article linked above:

The Pending Home Sales Index (PHSI) ticked up for the second straight month (0.4%), rising 0.4% to 107.6 in March from 107.2.

“Healthy economic conditions are creating considerable demand for purchasing a home, but not all buyers are able to sign contracts because of the lack of choices in inventory,” Lawrence Yun, NAR chief economist said.

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