020 7898 0500Last week was a pretty stellar one for the US economy, with several pieces of data coming in above expectations. So yesterday’s main release was a little disappointing, coming in below expectations as it did. There were a total of 593,000 new homes sold in January, which was a 7.8% reduction in sales the month before. A 3.8% increase had been forecast and the figure is the lowest reading since August 2017.
Today we will have the durable goods orders for January which are expected to shrink by 2% (after growing by 2.9% in December), but the main highlight of the week comes tomorrow in the form of the second estimate of the GDP growth rate for the fourth quarter of 2017. How will it compare with the UK and eurozone’s growth?
