IFR Preview-major economic data for release March 25

WHAT: U.S. Commerce Department Gross Domestic Product, Final Q4
 2010
WHEN: Friday 0830 EDT (1230 GMT)
FORECASTS (pct)         Reuters   IFR    Previous
GDP                     +3.0      +3.3   +2.8
Final Sales (GDP        +6.7      +6.8   +6.7
 less inventories)
IFR COMMENTARY: "The final estimate of Q4 GDP should be revised
significantly higher to 3.3% from a preliminary 2.8%, putting
the final outcome above even the advance estimate of 3.2%. The
revision will come mostly from an upward revision to December
inventory growth, making the contribution of the sector in the
quarter less negative. This will reduce the potential for an
inventory rebound in Q1 somewhat, though even the upwardly
revised Q4 inventory data will still be weak in an otherwise
strong breakdown. Final sales (GDP less inventories) should see
only a marginal upward revision to 6.8% from 6.7%, while final
sales to domestic buyers (GDP less inventories and net exports)
should be similarly revised to 3.2% from 3.1%. This revision
will come largely from an upward revision to December private
construction spending, both residential and nonresidential.
Otherwise revisions should be minor, including to the price
indices."
WHAT: University of Michigan Index of Consumer Sentiment,
March final
WHEN: Friday 0955 EDT (1455 GMT)
FORECASTS          Reuters   IFR    Previous
CSI                68.0      68.5   68.2
Conditions         83.2      82.7   83.6
Expectations       58.1      59.0   58.3
IFR COMMENTARY: "Although prone to upwards revisions, bad
turned to worse in the second half of March, and the Reuters/
University of Michigan CSI will hold at 68.5 for its final
reading of the month. Nearly every influential event that could
deter confidence took place after the preliminary reading on
the 11th, which had plummeted to 68.2 from 77.5, already
plagued by rising gas price fears. While those fears should
have subsided (weekly price ascents of 20 cents have slowed to
5 cents), stock markets feared a demoralizing chain reaction
from the Japanese quake, and even news of the tragedy in Japan
itself churned American stomachs and pocketbooks. Already
depleted to 58.3, the expectations index at best moved up to
59, while the current conditions index nudged down from 83.6 to
82.7."
 For more Reuters consensus forecasts for U.S. indicators,
double-click on [ECI/US]
 -- by Vimombi Nshom and David Sloan of IFR Markets, a unit
of Thomson Reuters.


IFR Preview-major economic data for release March 25