Economic Events on July 27, 2012

At 8:30 AM Eastern time, the advance GDP report for the second quarter of 2012 will be announced.  The consensus is an increase of 1.2% in real GDP and an increase of 1.6% in the GDP price index.  The real GDP estimate is 0.8% lower than the final value for the first quarter of 2012, and the GDP price index is 0.4% lower.

At 9:55 AM Eastern time, Consumer Sentiment for the second half of July will be announced.  The consensus is that the index will be at 72.0, which is the same as the value reported in the first half of the month.

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