Marketwatch 666

The key economic reports released last week were the second estimate of 1st quarter GDP and the April report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the April advance report on durable goods and the April report on new home sales , both from the Census bureau….This week also saw the release of the widely watched March Case-Shiller Home Price Index from S&P Case-Shiller , an index which is computed from the relative average of January, February & March home sales prices as compared to home sales prices of the same homes when they sold during previous 3 month periods; the Case Shiller index indicated that home prices nationally for those 3 months averaged 0.7% higher than prices for the same homes that sold during the same 3 month period a year earlier, down from the 0.8% year over year increase they reported for their February national index, covering home prices for December, January and February… In addition, the last two regional Fed...

The key economic reports released last week were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the Consumer Price Index Summary for February from the Bureau of Labor Statistics…other widely watched releases included the Commerce Dept’s report on our International Trade for January , the Job Openings and Labor Turnover Survey (JOLTS) report for January from the Bureau of Labor Statistics (BLS), the Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders for January and the January report on New Residential Construction , both from the Census Bureau, and the Existing Home Sales Report for February from the National Association of Realtors (NAR)… 4th Quarter GDP Grew at a 0.7% Rate, Revised from the 1.4% rate Shown in the Advance Estimate The Second Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and servic...

The key economic reports that were released last week were the "updated" estimate of 3rd quarter GDP and the combined October and November reports on Personal Income and Spending , both from the Bureau of Economic Analysis…since the latter includes two months of 4th quarter PCE data, it also accounts for nearly half of 4th quarter GDP…this week also saw the long delayed release of the October report on Construction Spending (pdf) from the Census Bureau…. 3rd Quarter GDP Growth Rate Revised Up to 4.4% in Updated Estimate Note: the initial estimate of 3rd quarter GDP, released on December 23rd, incorporated both what would normally be the advance and the second estimates, combined and late due to data losses during the shutdown…thus this updated estimate of 3rd quarter GDP replaces what would normally be the 3rd estimate, and hence is the last of the monthly 3rd quarter GDP updates…the 3rd estimate of 3rd quarter GDP was originally scheduled for release on December 23rd, ...