Halister News

(Bloomberg) -- Personal income seen rising 0.4% in Jan. after increasing 0.3% (forecast range +0.2% to +0.7%); tracks wages and salaries, investment and rental income, transfer payments.

• Personal spending seen rising 0.3% in Jan. after showing no change in Dec. (forecast range -0.1% to +0.5%); tracks spending on goods and services, is used to calculate GDP
  • Real personal spending (adjusted for expected 0.0% m/m change in PCE deflator) seen rising 0.3% in Jan. after increasing 0.1% in Dec. (forecast range +0.2% to +0.4%); adjusted for inflation
• Revised 4Q gross domestic product seen expanding at 0.4% annual rate vs govt’s initial est. of 0.7% gain (forecast range +0.1% to +0.9%); 3Q GDP expanded at 2% pace
  • Would be weakest GDP rate since 1Q 2014
• Advance trade deficit in goods seen at -$61.2b in Jan. vs - $61.5b in Dec. (forecast range -$57.3b to -$64b); tracks value of merchandise trade