![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpH28kHcLRxE8ZXjomGm7KJsjgn7Es3Mfb7ScEACDRNmq195KzRfA-hN-__BiGdedJANTKw6NEtXef0CD-N6wduFsfSpvZ7K-WhuTRQc9Eorx8Ruu9zammATkqQtIVHyPz-VJRhcBt4A_j/s400/builderbytes2.jpg)
In this issue of the MetroIntelligence Economic Update, I covered the following indicators:
- Philadelphia Fed's Outlook Survey showed continued expansion in May
- Empire State Manufacturing Survey improves sharply in May
- Mortgage loan applications overall rise by 0.9 percent
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