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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
- Real GDP was surprisingly revised up to 2.0% (cons 1.4) in the third Q1 release from an initial 1.27%, after 2.57% in Q4.
- Importantly, consumption played a sizeable role, revised up from 3.76% to 4.16% for an even stronger acceleration from the 1.0% of Q4 and the strongest since 1H21. It helped lift final domestic demand 3.51% (initially 3.32%) from 0.64%.
- Net trade played an even larger role, led by exports now seen to have jumped 7.8% in Q1 (initially 5.2%) which surprisingly drags a larger net trade contribution of 0.58pp annualized from 0.42pp back in Q4.
- Looking away from GDP, real GDI also showed upward revisions (-1.8% Q/Q from the initial -2.3%) but it continues to paint a significantly different picture to GDP. Average GDP and GDI together and growth increased just 0.1% annualized in Q1 (albeit much better than the -0.5% after the second Q1 release) after -0.4% in Q4.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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