All roads lead towards US GDP today – Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Elwin de Groot, Senior Eurozone Strategist at Rabobank, suggests that the Bureau of Economic Analysis will release its second estimate of GDP for the third quarter.

    Key Quotes

    “A small upward revision from the initial figure of 1.5% (annualised) is expected; the median estimate (among market participants, not the BEA) now stands at 2.0%. The advanced report, which was published a month ago, showed that inventories subtracted 1.4%-points from the headline figure. However, as business inventories were better-than-expected in September and the August data was also revised up, more recent data suggest that the BEA seems to have overestimated the negative effects of inventories.”
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