August @SPGlobalPMI U.S. Composite moved up to 55.4 vs. 55.1 prior; Manufacturing up to 53.3 vs. 49.8 prior; Services down to 55.4 vs. 55.7 prior; job creation reached one of highest rates seen over past 3 years; selling prices saw steepest rise in past three years
July existing home sales +2% m/m vs. -0.3% est. & -2.7% prior … median price +0.2% y/y to $422,400, supply +0.6% to 1.55 million (highest since May 2020)
August @philadelphiafed Manufacturing Index down to -0.3 vs. +6.5 est. & +15.9 prior … new orders down to -1.9 vs. +18.4 prior; shipments down to +4.5 vs. +23.7 prior; employment down to +5.9 vs. +10.3 prior
Initial jobless claims up to 235k vs. 225k est. & 224k in prior week; continuing claims up to 1.972M vs. 1.96M est. & 1.942M prior (rev down from 1.953M) … greatest increases in KY (+3k), MA (+1.1k), & IA (+1k); greatest decreases in CA (-1.9k), MI (-1.1k), & TX (-1k)
