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US Q2 advance GDP +2.4% vs +1.8% expected

US Q2 advance GDP +2.4% vs +1.8% expected
Final Q1 reading was +2.0% annualizedQ4 was +2.6% annualizedDetails:Consumer spending % vs +4.2% priorConsumer spending on durables % vs +16.3% priorGDP final sales % vs +1.4% expectedGDP deflator +% vs +3.0% expectedCore PCE +% vs +4.0% expected (4.9% prior)Exports Imports Business investment Percentage point changesNet trade vs +0.58 pp in Q1 Inventories vs -2.14 pp in Q1Govt +0. pp vs +0.85 pp in Q1The early prints are GDP are market movers but it's a bit of a fool's errand. The consensus o... Read More
Posted: Jul 27 2023, 12:30
Author Name: forexlive
Views: 112231

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