US manufacturing and housing market report economic warming

The US manufacturing boom in July climbed to a four-month high, and new home sales in June also hit the most in five years, indicating that the manufacturing and housing markets continue to support the economic recovery.
However, under the guise of the Fed may reduce incentives and the poor global economic data, US stocks continued to fall on the 24th, the S&P 500 fell 0.2%, and it was 1700 points. Only less than 2 points.
The US Department of Commerce announced that new home sales in June increased by 8.3% from May, with an annualized rate of 497,000, which was written at a new high in May 2008. The increase was much higher than the market expectation of 1.8%; The ratio is increased by 38.1%. The increase in new home sales has tightened market inventories and pushed up house prices, reflecting the fact that builders have benefited from insufficient supply of existing homes. By the end of June, the market had a total of 161,000 new homes for sale, which would take 3.9 months to digest at the current sales rate. The time required was the shortest in January.
TD Securities strategist Gao Baige said: “The big environment shows that the housing market is quite stable and slow recovery. In terms of the overall housing market, the affordability of housing prices is still at a record high. People expect housing sales to continue to grow, so now is a good time to buy a home. In addition, according to Markit, the US Manufacturing Purchasing Managers Index (PMI) rose to 53.2 in early July, better than the 51.9 in June and the 52.6 forecast by Bloomberg economists. An index above 50 indicates a boom in the economy.
Markit Chief Economist Williamson said: “The US manufacturing industry continued to expand in July, with all production, orders and employment increasing, but the expansion rate is still significantly lower than the standard at the beginning of the year, partly reflecting the needs of many export markets. Weakened, especially in emerging economies. “In terms of various indices, the July production index rose to 54 from 53.5 in the previous month, the highest in March. The export order index jumped from 46.3 to 52.3, reversing the first two months of shrinking and regaining growth; the new order index rose from 53.4 to 55.1, meaning both domestic and international demand increased. In addition, the July employment index rose from 49.9 to 52.6, indicating that manufacturers began to increase their manpower.



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