29 Apr 2015
US GDP for Q1 risks a downward surprise – KBC
FXStreet (Barcelona) - The KBC Bank Research Team expects US Q1 GDP to show that growth slowed down at the start of the first quarter, and further warn of a potential downside risk to consensus forecast.
Key Quotes
“In the US, the 1st estimate of Q1 GDP is expected to show a further slowdown in growth at the start of the year. The consensus is looking for an increase by 1.0% Q/Q annualized, down from 2.2% Q/Q annualized in Q4. Risks are for a downward surprise.”
“While personal consumption probably continued to support growth in Q1, together with residential investments, we believe this will be partly offset by weakness in net exports, inventories and non-residential investments (weakness in the mining sector, poor weather conditions and the stronger dollar).”
Key Quotes
“In the US, the 1st estimate of Q1 GDP is expected to show a further slowdown in growth at the start of the year. The consensus is looking for an increase by 1.0% Q/Q annualized, down from 2.2% Q/Q annualized in Q4. Risks are for a downward surprise.”
“While personal consumption probably continued to support growth in Q1, together with residential investments, we believe this will be partly offset by weakness in net exports, inventories and non-residential investments (weakness in the mining sector, poor weather conditions and the stronger dollar).”