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Economic reports for the week

Feb. 25, 2013 at 7:50 AM   |   Comments

WASHINGTON, Feb. 25 (UPI) -- Economic reports due this week include the second estimate of the U.S. fourth-quarter gross domestic product and January's consumer spending data.

Those reports are due Thursday and Friday, respectively.

The HSBC report on China's manufacturing purchasing manager's index and the U.S.Federal Reserve's monthly manufacturing survey from the Dallas district were due Monday.

Tuesday's reports include the S&P/Case-Shiller home price report that covers 20 U.S. cities and the Fed's manufacturing survey for the central Atlantic states.

On Wednesday, figures on Britain's gross domestic product will be released by the Office of National Statistics. The expectations include either slow growth or contraction. In the third quarter of 2012, Britain's GDP rose 0.9 percent.

A U.S. durable goods report is also due Wednesday, as is the weekly Mortgage Banker's Association survey on lending activity.

Thursday will bring the U.S. GDP report, the second estimate on the economy's performance in the fourth quarter. The first of three estimates released last month showed a surprising contraction, albeit a slight 0.1 percent. Economists expect that to improve to 0.5 percent in this week's report.

Weekly jobless claims figures are due Thursday and on Friday the Commerce Department reports on consumer spending and personal incomes for January.

The week's major reports finish up Friday with the government's figures on construction spending for January and the Institute of Supply Management's critical purchasing manager's index for U.S. business activity in February.

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