U.S. ECO PREVIEW: GDP, Durable Goods Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- GDP 0.9% q/q; range 0.3% to 1.1% (78 estimates)
- PCE 0.4% q/q; range 0.3% to 0.7% (14 estimates)
- GDP Price Index 2.3% q/q; range 2.1% to 2.4% (26 estimates)
- Core PCE Prices 2% q/q; range 2% to 2% (9 estimates)
- "Upward revisions to construction spending and retail sales could push overall growth slightly higher. However, the picture of weak economic performance in 1Q, due to consumers taking a pause, will remain intact": Bloomberg Intelligence
- Initial first-quarter GDP estimate registered 0.7 percent increase, weakest since early 2014
- Durables -1.5% m/m; range -3.9% to 0.8% (76 estimates)
- Durables Ex-Trans 0.4% m/m; range -0.6% to 1.1% (52 estimates)
- Cap Gds Nondef Ex Air 0.5% m/m; range -1% to 1% (23 estimates)
- Cap Gds Ship Nondef Ex Air 0.5% m/m; range -0.3% to 0.7% (5 estimates)
- "Core durable-goods orders and shipments have trended steadily higher as the factory sector emerges from a soft patch that weighed on aggregate demand from 2011-15": Bloomberg Intelligence
- Total orders have been on the rise since December
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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To modify this alert, click here
UUID: 7947283