Economy Week Ahead: U.S. Home Sales, Eurozone Manufacturing and More
January 20 2019 - 3:29PM
Dow Jones News
By a WSJ Staff Reporter
In the week ahead, the U.S. will see data on home sales and
durable goods, while Europe will get data on eurozone
manufacturing.
Tuesday: The National Association of Realtors will release a
snapshot of the housing market -- the existing-home sales report
for December. Economists estimate that sales fell 1.3% from a month
earlier. A runup in home prices and mortgage rates hurt sales last
year. Sales in November decreased 7% from a year earlier, the
largest year-to-year drop since a May 2011 decline.
Thursday: The eurozone slowed more sharply than expected in
2018, and economists expect to see some signs of stabilization in
the early months of this year as the currency area's automobile
industry returns to normal after a difficult transition to new
carbon emissions standards. Surveys of purchasing managers to be
released Thursday will give a first indication as to whether those
expectations will be realized, with economists expecting to see a
small rise in the composite purchasing managers index to 51.5 from
51.1 in December. The surveys will be released as officials at the
European Central Bank conclude their first meeting of the year,
with no significant changes in policy expected.
Friday: The U.S. Commerce Department will provide a snapshot on
the manufacturing sector with a report on durable-goods orders for
December. Economists project orders rose 1% from a month
earlier.
(END) Dow Jones Newswires
January 20, 2019 15:14 ET (20:14 GMT)
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