The US Commerce Department reported that April retail sales rose by 0.5%. The increase was the smallest since July and followed a 0.9% March gain that was more than double the previous estimate. Sales excluding automobiles and gasoline increased 0.2%.
Source: U.S. Department of Commerce - commerce.gov
Treasury Yield Curve
|Treasury Yield Sources: Bloomberg, L.P.; Bondsonline.com; |
Wall St. Journal; federalreserve.gov; ustreas.gov
Consumer Confidence Index
The Conference Board Consumer Confidence Index®, which had decreased in March, improved in April. The Index now stands at 65.4, up from 63.8 in March. The Present Situation Index increased to 39.6 from 37.5. The Expectations Index rose to 82.6 from 81.3.
Source: The Conference Board - www.conference-board.org
Purchasing Managers Index
Manufacturing continued its rapid growth in April as the PMI registered 60.4 percent, a decrease of 0.8 percentage point when compared to March's reading of 61.2 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.
Source: Institute for Supply Management - Manufacturing Report on Business - www.ism.ws
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