U.S. Economic News
February 25, 2021
U.S. Economic Indicators
New orders of manufactured durable goods rose 3.4% in January after increasing 1.2% (revised) in December. Excluding transportation, new orders rose 1.4% after increasing 1.7% the month before. Census Bureau Report
The second estimate of Q4 GDP indicates that the U.S. economy expanded at an annualized rate of 4.1% in the fourth quarter, up slightly from the prior estimate of 4.0%. For the second estimate, upward revisions to residential investment, inventories, and government spending were partly offset by a downward revision to consumer spending. BEA Report
Initial jobless claims fell 111,000 to 730,000 last week. The four-week moving average decreased 20,500 to 807,750. DOL Report
The National Association of Realtors Pending Home Sales Index declined 2.8% in January (up 13.0% Y/Y). The decline in the index was primarily driven by declines in the Northeast and the West. NAR Report