US home sales on the rise The number of home sales handled in the United States rose by 2.8 percent in June compared to the previous month. The American branch association of brokers has announced this. Economists generally expected an increase of 0.5 percent. In May these upcoming or provisional home sales increased by 1.1 percent. House prices large cities US slightly up The average price of an owner-occupied home in the United States rose by 0.1 percent in June compared to a month earlier. This is evident from the S&P CoreLogic Case Shiller index, which shows the price development in twenty major American cities. Economists generally expected an increase of 0.2 percent on average. Compared to a year earlier, houses became 2.4 percent more expensive in May. US consumer spending on the rise Consumer spending in the United States rose by 0.3 percent in June compared to a month earlier. The US Department of Commerce announced this. The figure corresponds to the average expectation of economists. In May there was an increase of 0.5 percent. This figure was revised from a previously reported increase of 0.4 percent. The personal incomes of American consumers generally increased by 0.4 percent. An important inflation component in the spending figure, the so-called Core PCE, amounted to 1.6 percent on an annual basis. The Federal Reserve sees this key figure on inflation as its most important indicator of price development. US consumer confidence up sharply The confidence of American consumers in the economy has risen sharply in July. Market Researcher Conference Board announced this. The indicator that reflects confidence recorded a score of 135.7 against a revised score of 124.3 in June. Economists generally calculated at a level of 125.
