by Bill McBride on 3/25/2017 08:11:00 AM
Saturday, March 25, 2017
The key economic reports this week are the third estimate of Q4 GDP, Personal Income and Outlays for February, and the Case-Shiller house price index.
10:30 AM: Dallas Fed Survey of Manufacturing Activity for March.
9:00 AM ET: S&P/Case-Shiller House Price Index for January. Although this is the January report, it is really a 3 month average of November, December and January prices.
This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the December 2016 report (the Composite 20 was started in January 2000).
The consensus is for a 5.7% year-over-year increase in the Comp 20 index for January.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for March. This is the last of the regional Fed surveys for March.
12:50 PM: Speech by Fed Chair Janet Yellen, Addressing Workforce Development Challenges in Low-Income Communities, At the National Community Reinvestment Coalition Annual Conference, Washington, D.C.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 AM: Pending Home Sales Index for February. The consensus is for a 1.8% increase in the index.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 247 thousand initial claims, down from 258 thousand the previous week.
8:30 AM: Gross Domestic Product, 4th quarter 2016 (third estimate). The consensus is that real GDP increased 2.0% annualized in Q4, up from the second estimate of 1.9%.
8:30 AM: Personal Income and Outlays for February. The consensus is for a 0.4% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.2%.
9:45 AM: Chicago Purchasing Managers Index for March. The consensus is for a reading of 57.1, down from 57.4 in February.
10:00 AM: University of Michigan's Consumer sentiment index (final for March). The consensus is for a reading of 97.6, unchanged from the preliminary reading 95.7.
Posted by Bill McBride on 3/25/2017 08:11:00 AM