23 Dec 2014
US Q3 GDP may be revised up to 4.3% - Danske
FXStreet (Barcelona) - Jens Nærvig Pedersen, Senior Analyst at Danske Bank, notes that US final Q3 GDP may be revised up to 4.3%, making it the second quarter in a row with above 4% growth.
Key Quotes
“There's a lot of US data on the agenda today. US durable goods orders are expected to show a decent increase following some softness in the past couple of months. Keep an eye on core shipments, which is a very good indicator for investment spending.”
“US personal consumption spending is expected to rise a solid 0.7% m/m in real terms in November after 0.1% m/m in October. This should put personal spending on track for robust growth in Q4. The core PCE deflator is expected to rise 0.1% m/m taking the annual core PCE inflation down to 1.5% from 1.6%.”
“US final GDP for Q3 is expected to be revised up to 4.3% q/q annualised from the initial estimate of 3.9%. If so, it would be the second quarter in a row with growth above 4%.”
“Finally US releases new home sales. Existing sales disappointed yesterday, showing a big drop in November. New home sales are expected to show a very small increase. Housing turnover has generally been weak this year and the soft new home sales are the main reason for weak residential construction as well.”
Key Quotes
“There's a lot of US data on the agenda today. US durable goods orders are expected to show a decent increase following some softness in the past couple of months. Keep an eye on core shipments, which is a very good indicator for investment spending.”
“US personal consumption spending is expected to rise a solid 0.7% m/m in real terms in November after 0.1% m/m in October. This should put personal spending on track for robust growth in Q4. The core PCE deflator is expected to rise 0.1% m/m taking the annual core PCE inflation down to 1.5% from 1.6%.”
“US final GDP for Q3 is expected to be revised up to 4.3% q/q annualised from the initial estimate of 3.9%. If so, it would be the second quarter in a row with growth above 4%.”
“Finally US releases new home sales. Existing sales disappointed yesterday, showing a big drop in November. New home sales are expected to show a very small increase. Housing turnover has generally been weak this year and the soft new home sales are the main reason for weak residential construction as well.”