Analysts at Nomura expect the BEA to report this Friday that US real GDP increased at an annualized pace of 4.6% q-o-q in Q2. Key Quotes “Part of the strength is related to a sharp pickup in exports as imports slowed. However, a substantial amount of the firming in Q2 stems from accelerating consumer spending.” “We expect GDP growth to moderate for the rest of this year but to remain well-above potential as rising federal spending and tax cuts continue to propel the US economy.” “Incoming data last week indicates strong momentum heading into Q3, albeit at a level slightly below that of Q2. Industrial production rebounded in June as factory activity picked up during the month. In addition, early indicators on manufacturer sentiment during July point to continued growth from the manufacturing sector despite some concern in the forward looking indicators. On the downside, core (“control”) retail sales moderated somewhat in June despite overall retail sales increasing at a solid pace.” 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 China Press: China to ease limits in stock index futures trading FX Street 5 years Analysts at Nomura expect the BEA to report this Friday that US real GDP increased at an annualized pace of 4.6% q-o-q in Q2. Key Quotes "Part of the strength is related to a sharp pickup in exports as imports slowed. However, a substantial amount of the firming in Q2 stems from accelerating consumer spending." "We expect GDP growth to moderate for the rest of this year but to remain well-above potential as rising federal spending and tax cuts continue to propel the US economy." "Incoming data last week indicates strong momentum heading into Q3, albeit at a level slightly… 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.
