21 November 2019

US 1st Quarter GDP Down

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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-AprVehicle SalesMar3.4
9-AprWholesale Inventories Feb3.2
12-AprRetail Sales Mar2.8
12-AprBusiness InventoriesFeb3.0
16-AprHousing StartsMar3.0
16-AprIndustrial ProductionMar3.0
24-AprDurable Goods orders Mar2.9
26-Apr GDP Q1-1st  

Source: BEA
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