The first estimate of US Q1 GDP came in at 2.3% q-o-q saar and incoming data since then suggest that the Q2 GDP growth will likely be lowered to 2.1% q-o-q saar in the second release by the BEA, according to analysts at Nomura. Key Quotes “Annual revisions to manufacturers’ inventories by the Census Bureau lowered inventory build-up at factories in Q1. In addition, the advance release of the Quarterly Services Survey for Q1 suggests weaker-than-expected consumer spending on services relative to the BEA’s assumptions, while business investment in intellectual properties may have been greater. Taken together, the net effect was likely negative.” “Advance goods trade balance and inventories: Trade deficit narrowed in March as exports rose sharply and outpaced imports. Imports slowed in March, reverting gains in February. We think that a strong increase in goods exports in March likely reverted in April while goods imports rebounded, and we forecast a modest widening in the goods trade deficit to $69.8bn, from $68.3bn.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US ADP NFP and GDP miss expectations – USD ignores Yohay Elam 5 years The first estimate of US Q1 GDP came in at 2.3% q-o-q saar and incoming data since then suggest that the Q2 GDP growth will likely be lowered to 2.1% q-o-q saar in the second release by the BEA, according to analysts at Nomura. Key Quotes "Annual revisions to manufacturers' inventories by the Census Bureau lowered inventory build-up at factories in Q1. In addition, the advance release of the Quarterly Services Survey for Q1 suggests weaker-than-expected consumer spending on services relative to the BEA's assumptions, while business investment in intellectual properties may have been greater. Taken together, the net effect… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
