The Weekly Numbers
Posted at 8 a.m. on Feb. 25
Here are the economic data highlights for this week, along with consensus predictions, via Bill McBride. Plenty of data and news this week, so be sure to follow Wonk Wire and subscribe to our daily newsletter.
Monday, February 25: “10:30 AM: Dallas Fed Manufacturing Survey for February. The consensus is a decrease to 4.0 from 5.5 in January (above zero is expansion).”
Tuesday, February 26: “10:00 AM: New Home Sales for January from the Census Bureau… The consensus is for an increase in sales to 381 thousand Seasonally Adjusted Annual Rate (SAAR) in January from 369 thousand in December… 10:00 AM: Fed Chairman Ben S. Bernanke, Semiannual Monetary Policy Report to the Congress, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.”
Wednesday, February 27: “8:30 AM: Durable Goods Orders for January from the Census Bureau. The consensus is for a 4.0% decrease in durable goods orders… 0:00 AM: Fed Chairman Ben S. Bernanke, Semiannual Monetary Policy Report to the Congress, Before the Committee on Financial Services, U.S. House of Representatives.”
Thursday, February 28: “8:30 AM: Q4 GDP (second estimate). This is the second estimate of GDP from the BEA. The consensus is that real GDP increased 0.5% annualized in Q4, revised up from a negative 0.1% in the advance report.”
Friday, March 1: “8:30 AM ET: Personal Income and Outlays for January. The consensus is for a 2.1% decrease in personal income in January (following the surge in December due to some people taking income early to avoid higher taxes), and for 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%.”