Wednesday, December 21, 2016

Thursday: Unemployment Claims, GDP, Durable Goods, Personal Income and Outlays and More

by Bill McBride on 12/21/2016 08:11:00 PM

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 256 thousand initial claims, up from 254 thousand the previous week.

• Also at 8:30 AM, Gross Domestic Product, 3rd quarter 2016 (third estimate). The consensus is that real GDP increased 3.3% annualized in Q3, revised from 3.2% in the second estimate.

• Also at 8:30 AM, Durable Goods Orders for November from the Census Bureau. The consensus is for a 4.0% decrease in durable goods orders.

• Also at 8:30 AM, Chicago Fed National Activity Index for November. This is a composite index of other data.

• At 9:00 AM, FHFA House Price Index for October 2016. This was originally a GSE only repeat sales, however there is also an expanded index.  The consensus is for a 0.5% month-to-month increase for this index.

• At 10:00 AM, Personal Income and Outlays for November. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.1%.

• At 11:00 AM, the Kansas City Fed manufacturing survey for December.