Free Trial

Q1 GDP Tracking Estimates Climb On Retail Sales Strength

US OUTLOOK/OPINION

The strength of earlier US retails sales data is seeing analysts mark their Q1 real GDP growth higher:

  • GS: 3.1% (+0.6pps).
  • Jefferies: 3.1% (+0.9pps), based on PCE growth of 3.2%
  • NWM: 2.9% (+0.4pps), based on PCE growth of 2.8% (+0.6pps).
  • CIBC: nowcast tracking at 2.6% (vs 2% published forecast).
  • The Atlanta Fed’s GDPNow is also due an update later today vs 2.4/2.5% in the past two updates.

To read the full story

Close

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.