The components of
the March durable goods report, which inform our GDP tracking estimate, were
softer than expected on softer core orders and shipments. The core capital
goods shipments rose 0.3% month over month (below consensus 1.0% forecast) and
were revised down in February, to 1.2% from 1.9%.
Figure 1: GDP Tracking
| Release
Date | Indicator | Period | Q1 Tracking |
| 2-Apr | Vehicle Sales | Mar | 3.4 |
| 5-Apr | Trade | Feb | 3.5 |
| 9-Apr | Wholesale Inventories | Feb | 3.2 |
| 12-Apr | Retail Sales | Mar | 2.8 |
| 12-Apr | Business Inventories | Feb | 3.0 |
| 16-Apr | CPI | Mar | 3.0 |
| 16-Apr | Housing Starts | Mar | 3.0 |
| 16-Apr | Industrial
Production | Mar | 3.0 |
| 24-Apr | Durable Goods orders | Mar | 2.9 |
| 26-Apr | GDP | Q1-1st | |
Source: BEA | | | |