Daily Management Review

Analysts expect U.S. GDP growth estimate to remain unchanged in Q4


U.S. GDP rose 6.9 percent year-over-year last quarter and according to the second estimate (if GDP had grown at the same rate for four consecutive quarters), according to analysts polled by Daily FX.

The release will be issued by the U.S. Commerce Department's Bureau of Economic Analysis on Thursday, Feb. 24.

At the same time, the U.S. Labor Department will release data on initial jobless claims for the week through Feb. 18. Analysts expect the figure to decline by 13,000 from a week earlier to 235,000 applications.

The U.S. Commerce Department's Census Bureau will release data on new home sales in the U.S. in January. Experts believe U.S. new home sales fell 0.6% to 806,000 in January compared to December.

The Energy Information Administration of the U.S. Department of Energy will publish the weekly report on U.S. commercial oil inventories (excluding the strategic reserve) for the week ended February 18. Analysts believe the figure rose by 0.767 million barrels to 412.3 million.

source: dailyfx.com