US Q4 GDP preview - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Analysts at Nomura offered a preview for the key US Q4 GDP, second estimate: tomorrow.

    Key Quotes:

    "We expect Q4 GDP to be revised down by 0.3pp in its second estimate to 0.4% from 0.7% (Consensus: 0.4%). We expect the downward revision to be primarily due to weaker-than-assumed inventory investment. Domestic demand in the aggregate should be revised down slightly due to weaker-than-expected government spending and residential fixed investment.

    We expect final sales growth to be revised down by 0.1pp to 1.0% and forecast that inventory investment will subtract 0.6pp from growth compared with the assumed 0.4pp previously."
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