A look at some of the key business events and economic indicators upcoming this week:
ON THE HOT SEAT
The electric vehicle maker's annual earnings and revenue are projected to have risen in the October-December quarter, but
STILL GROWING?
The
Economists expect the report will show that gross domestic product grew at a 1.5% seasonally adjusted annual rate in the last three months of 2022. That would follow the third quarter's 3.2% gain. The
GDP, seasonally adjusted annual rate, by quarter:
Q3 2021: 2.7
Q4 2021: 7.0
Q1 2022: -1.6
Q2 2022: -0.6
Q3 2022: 3.2
Q4
Source: FactSet
INFLATION BELLWETHER
The
The personal consumption expenditure price index edged up 0.1% in November and rose 5.5% from a year earlier, slower than October's 6.1% annual rate. The November consumer spending data raised hopes that the long surge in consumer prices has begun to ease. December’s tally will be closely monitored by the
Consumer spending, monthly percent change, seasonally adjusted:
June 1.2
July -0.1
Aug. 0.8
Sept. 0.6
Oct. 0.9
Nov. 0.1
Source: FactSet
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source