U.S. Economic News
April 29, 2021
U.S. Economic Indicators
The advance estimate of Q1 GDP indicates that the U.S. economy expanded at an annualized rate of 6.4% in the first quarter, in line with estimates. The increase in real GDP reflects positive contributions from consumer spending, business investment, residential investment, and government spending that were partly offset by negative contributions from net exports and private inventories. BEA Report
Initial jobless claims decreased 13,000 to 553,000 last week. The four-week moving average decreased 44,000 to 611,750. DOL Report
The National Association of Realtors Pending Home Sales Index increased 1.9% in March (up 23.3% Y/Y). Over the past month, pending home sales rose in the Northeast, South, and West but declined in the Midwest. NAR Report