On Friday comes the durable goods report, as well as the final reading on first-quarter GDP growth.
U.S. economic data due for release Friday includes the durable goods orders report.
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The durable goods report is out on Wednesday, followed Thursday by jobless claims, which have risen four out of the five past weeks.
In the fourth quarter of 2011 and the first quarter of 2012, spending in the durable goods sector grew by 15.3% and 16.1%, respectively.
The first report was a big drop in growth for both the Durable Goods and Core Durable Goods which came in at -1.0% and -0.6% respectively.
This week we have a full slate of economic reports starting on Monday with the Durable Goods Orders, Pending Home Sales, and the Dallas Fed Manufacturing Survey.
Also due out is the durable goods report on Thursday and the advance reading on GDP for the fourth quarter on Friday along with the latest readings on consumer sentiment .
We saw it again yesterday, I believe it was, in the durable goods figures that showed almost all of the drop in durable goods attributable to defense sector reductions in spending, reductions and orders made by defense industry companies because of sequester.
There has been significant worry that the threat of a big dose of tax increases and spending cuts at the start of the new year would lead companies to hold back, but the durable goods figure was up 0.7% in November, slightly better than expected.
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On Wednesday, the market will also likely be watching the durable-goods report, which will be followed Thursday by the final readings on second-quarter GDP.
The higher durable goods orders points to a modest recovery in manufacturing, lending some optimism that the still high 9% unemployment rate will continue to fall.
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Peters said the upcoming durable goods and consumer confidence numbers will determine whether today's rally figures are sustainable.
U.S. economic data due for release Friday includes personal income and outlays, the advance durable goods report, and new residential sales.
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U.S. economic data due for release Wednesday includes the weekly includes the weekly MBA mortgage applications survey, the advance report on durable goods, the pending home sales index, and the weekly DOE energy stocks report.
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On the positive side, durable goods orders and the Dallas Fed Manufacturing Survey were both considerably better than expected.
Would the Fed use a quick depression as a cure to devalue the over-priced durable goods by raising the interest rate as a catalyst to thwart off the irrational exuberance since the economy is doomed to the Self-induced Paralysis?
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In responding positively to those relatively minor reports, the market rally supposedly ignored the big plunge in durable goods orders in October (the largest monthly decline since January, 2009), that new home sales fell 8.1% in October, worse than forecasts, while home prices declined further, and the inventory of unsold homes rose more than expected.
The rise in pending home sales, and the underlying improvement in durable goods sales, add to evidence that the US economic recovery is gaining momentum.
Next Tuesday, we get the latest reading on new-home sales, followed by the latest durable-goods numbers on Wednesday.
Aircraft orders were a key driver behind the rise in durable goods.
Additional information on housing is due Wednesday with new home sales, while the GDP, durable goods, and jobless claims are out on Thursday.
U.S. economic data due for release Thursday includes the weekly jobless claims report, durable goods orders, the Chicago Fed national activity index, leading economic indicators and new residential sales.
The first clue that those expectations may be problematic showed up this week in the report of durable goods orders for July, which was not only much worse overall than expected, but which showed that orders for machinery and computers plummeted 15% in July, the largest monthly decline on record.
Also on the economic front, durable goods orders gained 0.2 percent in April, according to the Commerce Department.
U.S. economic data due for release Thursday includes the weekly jobless claims report, durable goods orders, and the U.S. manufacturing PMI.
U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, durable goods orders and the weekly DOE energy stocks report.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, durable goods orders, the housing price index and the weekly DOE energy stocks report.
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U.S. economic data due for release Wednesday includes the weekly MBA mortgage applications survey, durable goods orders, the Chicago Fed midwest manufacturing index and the weekly DOE energy stocks report and the Fed beige book.
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Also out Thursday are the latest numbers on durable-goods orders, as well as the weekly jobless claims.
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