EIU Nowcast: Housing data pushes nowcast higher

2024-04-07 10:56


  • Nowcast US GDP

    • The EIU nowcast for 2020 Q1 US GDP growth moved up to 1.86% (Y-on-Y) as of 21st Feb 2020, 0.08 percentage points higher than that of 14th Feb 2020.

    • Higher than expected housing data for January 2020 pushed the nowcast higher, even as flash estimates of PMI for February 2020 showed signs of weaknesses.

    • To get the full background to our EIU Nowcast, view our methodology and FAQs page or contact us using the form below.

    Data releases (last week)

    IndicatorsReference PeriodRelease Date
    New Private Housing Units Authorized by Building Permit (SAAR, Thous.Units)Jan (20’)19th Feb 2020
    Housing Starts (SAAR, Thous.Units)Jan (20’)19th Feb 2020
    US PMI: Svcs Business Activity Index [Flash] (SA, 50+=Expansion)Feb (20’)21st Feb 2020
    US Markit PMI: Manufacturing [Flash] (SA, 50 +=Expansion)Feb (20’)21st Feb 2020

    Data releases (current week)

    IndicatorsReference PeriodRelease Date
    Manufacturers’ New Orders: Durable Goods (SA, Mil.$)Jan (20’)27th Feb 2020
    Manufacturers’ Inventories: Durable Goods (EOP, SA, Mil.$)Jan (20’)27th Feb 2020
    Manufacturers’ Unfilled Orders: Durable Goods (EOP, SA, Mil.$)Jan (20’)27th Feb 2020
    Exports, f.a.s.: Goods (SA, Mil.$)Jan (20’)28th Feb 2020
    Imports, Customs Value: Goods (SA, Mil.$)Jan (20’)28th Feb 2020
    Real Disposable Personal Income (SAAR, Bil.Chn.2012$)Jan (20’)28th Feb 2020
    Real Personal Consumption Expenditures (SAAR, Bil.Chn.2012$)Jan (20’)28th Feb 2020
    MNI-Chicago Report: Business Barometer Index [Actual] (SA, 50+ = Econ Growth)Feb (20’)28th Feb 2020
    University of Michigan: Consumer Sentiment [Actual] (NSA, Q1-66=100)Feb (20’)28th Feb 2020

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