Daily Roundup of Key US Economic Data for March 27

02:44 PM EDT, 03/27/2025 (MT Newswires) -- The third estimate of Q4 GDP showed a 2.4% gain, an upward revision from a 2.3% gain in the previous estimate, though personal consumption growth was revised lower.

There were upward revisions to all the other GDP components except for inventory growth.

The GDP price index was revised lower to a 2.3% gain from 2.4% in the advance estimate, with the PCE price index unrevised and the core PCE price index adjusted downward from the advance estimate.

The advance goods trade deficit narrowed to $147.91 billion in February from $155.57 billion in January, reflecting an import drop and an increase in exports. The full trade report is scheduled to be released on April 3.

Advance wholesale inventories rose by 0.3% while advance retail inventories increased by 0.1%. Wholesale inventories will be updated on April 9, while retail inventories are eligible for revision on April 16.

The National Association of Realtors' pending home sales index rose by 2% in February, partially rebounding from a large drop in the previous month. NAR said that a large decline in mortgage rates would help to lift both the demand and supply of new homes. Pending sales were down 3.6% from a year earlier.

The NAR's existing home sales data for March are scheduled for release on April 24.

The Kansas City Federal Reserve's manufacturing index rose to minus 2 in March from minus 5 in February. The ISM's national manufacturing reading will be released on April 1.

Initial jobless claims decreased by 1,000 to 224,000 in the week ended March 22, trimming the four-week moving average by 4,750 to 224,000 after five straight declines.

Insured claims fell by 25,000 to 1.856 million in the employment survey week ended March 15. Insured claims were at a level of 1.847 million in the survey week ended Feb. 15.

Natural gas stocks rose by 37 billion cubic feet to 1.744 trillion cubic feet in the week ended March 21, down 24.2% from a year earlier and 6.5% lower than the seasonal average for the current week over the previous five years.

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