Wells Fargo Weekly Economic & Financial Commentary – April 24, 2015

Wells Fargo Weekly Economic & Financial Commentary – April 24, 2015

Soft Economic Data to Round Out the First Quarter
  • Existing home sales posted a better-than-expected 6.1 percent rise in March, which should provide some support to residential investment in Q1. The report also showed that inventories were beginning to tighten, which could further support further home price appreciation.
  • New home sales reversed course in March, declining 11.4 percent after climbing 5.6 percent in the prior month.
  • Durable goods orders rose 4.0 percent in March; however, excluding transportation goods, orders fell 0.2 percent. The report reflected the ongoing headwinds in manufacturing of slower global growth and a strong U.S. dollar.

Click here to read the full Wells Fargo Weekly Economic & Financial Commentary – April 24, 2015.

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