Leading Index for Commercial Real Estate Increases in July

Thursday: • At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 220 thousand initial claims, up from 218 thousand the previous week. • Also at 8:30 AM, The Producer Price Index for July from the BLS. The consensus is a 0.3% increase in PPI, and a 0.3% increase in core PPI. Note: This index is possibly a leading indicator for new non-residential Commercial Real Estate (CRE) investment, except manufacturing. From Dodge Data Analytics: Dodge Momentum Index Increases in July The Dodge Momentum Index moved 1.4% higher in July to 169.8......(read more)

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