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.
U.S. Q1 GDP grew at an annual rate of 6.4%, the Bureau of Economic Analysis said Thursday, underlining the strength of the continued post-pandemic recovery, although growth was slightly lower than forecasts for an annualized 6.9% increase. For Q4 GDP, was unrevised at +4.3%.
The strong growth reflected increases in PCE, nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending. Partially offsetting those gains were declines in private inventory investment and exports, the BEA said.
Increases in PCE reflected increases in purchases of goods like motor vehicles and food, the BEA said, and services like restaurant visits. Increases in federal spending were driven by PPP loans and purchases of Covid-19 vaccines.
Source: Bloomberg
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.