Wednesday, 3 July 2013

US auto sales, house prices and factory orders rise

US economic data on Tuesday were quite positive. Reuters reports:

Overall auto industry sales in June are on track to increase about 10 percent, and according to GM, will hit their strongest annual sales pace since November 2007...

A report by data analysis firm CoreLogic showed house prices rose 2.6 percent in May from April and were up 12.2 percent compared to May last year, the biggest year-over-year increase since February 2006...

In a separate report, the Commerce Department said new orders for manufactured goods increased 2.1 percent after advancing 1.3 percent in April. Factory orders rose in most categories in May.

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