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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 increased 2.1% annualized in the third Q2 release, unchanged from the second release and a minor disappointment for consensus of 0.2%.
- Revisions to Q1 were more notable: real GDP increased 2.2% in Q1 (+0.2pp) whilst real GDI saw a large push to +0.5% from an initial -1.8%.
- Averaging GDP and GDI, the combination meant that 1H23 growth averaged 1.4% annualized compared to the initially estimated 0.7% annualized.
- Further back, the comprehensive benchmark revisions generally led to stronger than expected growth through its recent history: In the 2017-2022 period, real GDP grew at an average annual rate of 2.2% (+0.1pp) and real GDI averaged 2.3% (+0.2pp).
- Further back, real GDP averaged 2.4% through 2019-19 (+0.1pp).
- See the chart below for changes to latest growth profiles.
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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