Full text of U.S. Financial Data : July 6, 2000

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July 6, 2000

USFinancialData
THE WEEK’S HIGHLIGHTS:
■ The nominal value of factory orders increased $15.3 billion,
or 4.1 percent, in May. This increase was the largest since
December 1992. New orders for nondefense capital goods
excluding aircraft and parts, however, fell 2.1 percent in May.
Shipments of manufactured goods rose 1.9 percent in May,
the seventh increase in the past eight months.
■ Initial claims for state unemployment insurance benefits averaged
301,500 during the four weeks ending July 1. During the same
four-week period a year earlier, claims averaged 300,250.
■ The Conference Board reported that the index of leading economic
indicators fell 0.1 percent in May. After rising 1.9 percent in 1999,
the leading index has declined at a 0.2 percent annual rate
year-to-date.
■ Paced by a 2.9 percent drop in public construction outlays, real
construction spending fell 0.1 percent in May. Although residential
construction spending fell 0.6 percent, nonresidential construction
spending jumped 3.4 percent. Measured from a year earlier,
total construction outlays are up 2.8 percent, bolstered by an
11.1 percent rise in nonresidential construction spending.
■ Real personal consumption expenditures (PCE) rose 0.2 percent,
or 2.8 percent at an annual rate, in May. Though the PCE implicit
price deflator was virtually unchanged for the second consecutive
month, it has increased at a 2.9 percent rate year-to-date.
All data are seasonally adjusted unless otherwise indicated.
U.S. Financial Data is published weekly by the Research Division of the Federal Reserve Bank of
St. Louis. For more information on data, please call (314) 444-8590. To be added to the mailing
list, please call (314) 444-8808 or (314) 444-8809.
Information in this publication is also included in the Federal Reserve Economic Data (FRED) electronic
bulletin board at (314) 621-1824 or internet World Wide Web server at www.stls.frb.org/fred.