29 Apr 2016
US GDP to UK consumer confidence: Disappointment all the way – Investec
Research Team at Investec, suggests that the US Q1 GDP came in a little below expectations at 0.5% vs market expectations of 0.6%.
Key Quotes
“The main drags came from net exports and gross private domestic investment but personal consumption continued to be the main driver of growth, albeit at a weaker pace than the average over the last 2 years.
Then early this morning the GFK UK consumer confidence fell back by more than expected in April, falling back by three points to -3, hitting negative territory after a 15-month run of positive readings. GFK cited ‘mixed messages about a post-Brexit world’ as one reason for this month’s weakness. While all components of the index fell back, the largest decline during the month came from the climate for major purchases, which dropped by six points to +5.”
Key Quotes
“The main drags came from net exports and gross private domestic investment but personal consumption continued to be the main driver of growth, albeit at a weaker pace than the average over the last 2 years.
Then early this morning the GFK UK consumer confidence fell back by more than expected in April, falling back by three points to -3, hitting negative territory after a 15-month run of positive readings. GFK cited ‘mixed messages about a post-Brexit world’ as one reason for this month’s weakness. While all components of the index fell back, the largest decline during the month came from the climate for major purchases, which dropped by six points to +5.”