The Weekly Numbers
Posted at 8 a.m. on Jan. 28
Here are the economic data highlights for this week, along with consensus predictions, via Bill McBride. It’s a busy week, so be sure to sign up for Wonk Wire‘s email newsletter.
Monday, January 28: “8:30 AM: Durable Goods Orders for December from the Census Bureau. The consensus is for a 1.6% increase in durable goods orders.”
Tuesday, January 29: “9:00 AM: S&P/Case-Shiller House Price Index for November. Although this is the November report, it is really a 3 month average of September, October and November… The consensus is for a 5.8% year-over-year increase in the Composite 20 index.”
Wednesday, January 30: “8:15 AM: The ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 172,000 payroll jobs added in January… 8:30 AM: Q4 GDP (advance release). This is the advance release from the BEA. The consensus is that real GDP increased 1.0% annualized in Q4… 2:15 PM: FOMC Meeting Announcement. No significant announcement is expected.”
Friday, February 1: “8:30 AM: Employment Report for January. The consensus is for an increase of 155,000 non-farm payroll jobs in January; there were also 155,000 jobs added in December. The consensus is for the unemployment rate to decrease to 7.7% in January… 10:00 AM ET: ISM Manufacturing Index for January… The consensus is for PMI to be unchanged at 50.7%. (above 50 is expansion). “