Economy Week Ahead: GDP, Existing-Home Sales
April 21 2019 - 3:29PM
Dow Jones News
By WSJ Staff
In the week ahead, the U.S. will publish fresh data on home
sales, durable-goods, gross domestic product and consumer
sentiment.
Monday: The National Association of Realtors releases
existing-home sales data for March. Sales of previously owned homes
rose strongly in February, a sign that demand for housing picked up
as mortgage rates eased. Economists surveyed by The Wall Street
Journal forecast existing-home sales fell 3.8% in March from
February to a seasonally adjusted annual rate of 5.30 million.
Thursday: The Commerce Department releases March durable-goods
figures. In February, orders for long-lasting factory goods fell
after three straight months of growth due to a sharp decline in
aircraft orders. Economists surveyed by The Wall Street Journal
forecast durable-goods orders rose 0.8% in March from a month
earlier.
Friday: The Commerce Department releases first-quarter gross
domestic product data. This broad measure of goods and services
produced across the economy rose at a 2.2% annual rate in the
fourth quarter, down from an earlier estimate of 2.6%. Economists
are expecting a slightly stronger annual growth rate of 2.4% for
the first quarter.
The University of Michigan releases final consumer-sentiment
data for April. Preliminary April sentiment data showed consumers'
outlook on the U.S. economy deteriorated. Economists surveyed by
The Wall Street Journal forecast the University of Michigan's
consumer-sentiment index logged a final reading of 97.0 in
April.
(END) Dow Jones Newswires
April 21, 2019 15:14 ET (19:14 GMT)
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