Gary Siegel

NEW YORK - The overall economy grew for the fifteenth straight time after seven months of contraction, while the manufacturing sector expanded for the twelfth time after eighteenth months of contraction, the Institute for Supply Management reported this morning.

The University of Michigan’s final July consumer sentiment index reading fell to 67.8 from a 76.0 in June, according to market sources.

The Chicago Purchasing Managers’ Business Barometer rose to 62.3 in July from 59.1 in June, the National Association of Purchasing Management-Chicago said Friday.

NEW YORK – The seasonally adjusted Milwaukee Index climbed to 66 in July from 59 in June, according to the Institute for Supply Management-Milwaukee.

NEW YORK - The University of Michigan's final July consumer sentiment index reading was 67.8, compared to the preliminary July 66.5, the final June 76.0, and the final May 73.6 reading, according to market sources.

NEW YORK - The Chicago Purchasing Managers’ Business Barometer rose to 62.3 in July from 59.1 in June, the National Association of Purchasing Management-Chicago said Friday.

NEW YORK – New York City business activity expanded, but at a much slower pace in July, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.

The Treasury Department Thursday auctioned $29 billion of seven-year notes with a 2 3/8% coupon, a 2.394% high yield and a price of 99.878150.

Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded moderately in July, and expectations for future production remained positive,” according to the bank’s monthly manufacturing survey, released Thursday. “However, plans for future hiring and capital spending were essentially flat. Price indexes were mostly unchanged.”

Inventory correction has been completed and manufacturing, housing and consumer spending all look to trend weaker in the near future, leading Federal Reserve Bank of Dallas president Richard Fisher to expect gross domestic product growth under 3% for a “prolonged period.”

NEW YORK – Inventory correction has been completed and manufacturing, housing and consumer spending all trend weaker in the near future, leading Federal Reserve Bank of Dallas President Richard W. Fisher to expect gross domestic product growth under 3% for a “prolonged period.”

NEW YORK - The Treasury Department auctioned $29 billion of seven-year notes, with a 2 3/8% coupon, a 2.394% high yield, a price of 99.878150.

NEW YORK - The Treasury Department said today it will auction $30 billion 91-day bills and $30 billion 182-day discount bills Monday.

NEW YORK - Manufacturing activity in the Federal Reserve Bank of Kansas City’s region “rebounded moderately in July, and expectations for future production remained positive. However, plans for future hiring and capital spending were essentially flat. Price indexes were mostly unchanged,” according to the bank’s monthly manufacturing survey, released today.

The Treasury Department Wednesday auctioned $37 billion of five-year notes with a 1 3/4% coupon, a 1.796% high yield, and a price of 99.781106.

Mortgage loan application volume dropped 4.4% on a seasonally adjusted basis in the week ended July 23, the Mortgage Bankers Association’s weekly mortgage applications survey indicated.

NEW YORK - The Treasury Department auctioned $37 billion of five-year notes, with a 1 3/4% coupon, a 1.796% high yield, a price of 99.781106.

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated July 29, due Sept. 23, at a 0.155% high tender rate.

NEW YORK – Mortgage loan application volume dropped 4.4% on a seasonally adjusted basis in the week ended July 23, while on an unadjusted basis, volume fell 4.2%, the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey indicated.

Chain store sales rose 0.6% during the seven days ending July 24 from the previous week, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot, released Tuesday.