Report
Data Round-Up: Look for at Least +4% Real GDP in 18Q2; Solid Outlook for 18H2
posted by Michael Lewis on July 26, 2018
Found in US, categorized in Growth Outlook and Business Cycle
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Headline
A mixed bag of data on the eve of the Advance 18Q2 GDP report. Real equipment spending likely grew only a modest +1% annualized in 18Q2, but the core orders trend and growing backlogs point to a resumption of healthy growth in the sector in 2018-H2.
Abstract
FMI’s analyses of today’s June Durable Goods Orders and June Advance Indicators (Goods-trade, wholesale & retail inventories) reports, as well as a review of the latest Weekly UI Claims & Rail Traffic data.