Economic Figures to Be Released
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This week’s slate of economic figures will give a read on everything from consumer confidence to the housing market to durable goods.
A reading on February’s consumer confidence index is due Tuesday. The index fell to a nine-year low of 79.0 in January, the Conference Board said, and analysts expect it to slip to 76.8 in February.
Also set for release Tuesday are January’s existing-home sales figures, which are pegged to decline from December.
January orders for durable goods, items meant to last three years or more, will be released Thursday. Economists have forecast overall U.S. durable goods orders for January to have risen 1.2%, in contrast to a 0.2% decline in December.
On Friday, Wall Street gets a reading on U.S. gross domestic product, which measures total economic output within the nation’s borders. It is expected to be revised to an annual growth rate of 1% in the October-December period from a preliminary reading of a 0.7% gain.
Friday also will bring a final reading on the University of Michigan’s consumer sentiment data for February, which is expected to slip to 78.9 from 82.4.
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