By: Bloomberg Finance L.P. and Wells Fargo Economics
Bloomberg Finance and Wells Fargo Economists have updated their Weekly Economic Indicator Forecasts.
The most significant changes in expectations came from:
- New Home Sales increasing by 1.0%
- Durable Goods Orders (MoM) turning negative from 4.6% to -4.4%
These changes in expectations come following this weeks Housing Starts report (+3.9% MoM and 5.9% YoY) and Industrial Production increasing 1.0% being lead by Utilities output (+5.4%).
