• US Q2 GDP: Risks skewed to the downside - BNZ

Market news

26 July 2019

US Q2 GDP: Risks skewed to the downside - BNZ

Analysts at Bank of New Zealand (BNZ) offer a sneak peek at what to expect from Friday’s US Q2 Preliminary GDP report due on the cards at 12:30 GMT.

“Durable goods orders data in the US were stronger than expected, including a lift for the core measure. But, for today's data to come: While this was pleasing to see, advanced estimates on trade and inventories suggested that these components will act as a bigger-than-expected drag on Q2 GDP. Placing downside risk to the consensus annualized 1.8% estimate - already on track for the weakest quarterly growth in over two years.”

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.