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%).