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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 down in Q4 from 3.28% to 3.21% annualized (cons 3.3). It follows an unrevised booming 4.86% in Q3.
- Consumption however was surprisingly revised higher, from 2.83% to 2.97% (cons 2.7), for even less moderation after the 3.1% in Q3.
- There were sizeable revisions elsewhere as well: government demand and private fixed investment all saw solid upward revisions, with the largest downward revisions coming from changes in net inventories (-0.34pps annualized) and net exports (-0.11pps annualized).
- In short, final domestic demand was stronger than expected in the quarter, adding 3.16pps to quarterly GDP growth vs the 2.78pps previously thought. It follows 3.6pp in Q3.
- The stronger signs for domestic demand are echoed in the upward revision for imports as well.
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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