Author: Zac Martin, Investment Associate
Week Ending July 25th – Crazy Train
The Leading Economic Indicators Index for June reported a slight decline of 0.3%, which was more than analysts expected. For the first half of 2025 the index declined by 2.8%, which is more than double the decline for the same period in 2024. This was due to sharper declines in New Orders and Consumer Expectations around business conditions, both remain lower than reported at the end of 2024.
PMIs: Richmond Fed Index declined for July to -20 from -8. Prices have trended higher, while wage, employment, and overall business conditions continue to decline. Kansas City Manufacturing Survey ticked slightly higher due to shipment volume and new orders increasing, while backlog, production, headcount and prices paid and received all declined.
The Week Ahead:
- Consumer Confidence Index (7/29)
- JOLTS (7/29)
- GDP 1st preliminary reading for Q2 (7/30)
- FOMC meeting (7/30)
- Personal Consumption Expenditures (7/31)
- Nonfarm Payroll and Unemployment Rate (8/1)
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