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16th Jul 2024 17:04USDaily Monitor

  • The manufacturing downturn is over, but growth in output in the second half of this year will be sluggish.
  • High mortgage rates and excess new home inventory suggest single-family housing starts will fall further.
  • We look today for a pick-up in initial jobless claims, but the data are prone to unpredictable swings in July.

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Keywords for: 18 July 2024 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence