Thursday, July 28, 2016

Friday: Q2 GDP, Chicago PMI, Consumer Sentiment

by Bill McBride on 7/28/2016 08:14:00 PM

Note: As part of the GDP release tomorrow, the BEA will also release the annual revision. From the BEA:

The annual revision of the national income and product accounts, covering the first quarter of 2013 through the first quarter of 2016, will be released along with the "advance" estimate of GDP for the second quarter of 2016 on July 29. For more information, see “Preview of the Upcoming Annual NIPA Revision” included in the May Survey of Current Business article on “GDP and the Economy”.
Friday:
• At 8:30 AM ET, Gross Domestic Product, 2nd quarter 2016 (Advance estimate). The consensus is that real GDP increased 2.6% annualized in Q2. The annual revision will also be released.

• At 9:45 AM, Chicago Purchasing Managers Index for July. The consensus is for a reading of 54.0, down from 56.8 in June.

• At 10:00 AM, University of Michigan's Consumer sentiment index (final for July). The consensus is for a reading of 90.6, up from the preliminary reading 89.5, and down from 93.5 in June.