Tag Archives: US investment growth

Second-quarter growth points to a US economy in fine stead, driven by investment spending. Revisions show the savings rate is healthier than thought.US GDP grew 4.1% in the second quarter q-o-q (seasonally adjusted annualised reading, or SAAR), according to the first estimate, up from a revised 2.2% in Q1-2018 (2.0% previously). This is the strongest q-o-q reading since Q3 2014. But there was no particular ‘wow’ effect since the market had expected 4.2%. The y-o-y print, a more accurate and...

US business sentiment is solid, yet bank lending remains muted, making us cautious about the outlook for investment growth.US business activity seems to be continuing apace and all forward-looking indicators, in particular sentiment surveys, are flashing green. But there is an important blemish in this otherwise rosy picture: bank lending has been soft, and recent data is not showing any signs of an uptick. In September, commercial and industrial (C&I) bank lending was up 2.0% y-o-y,...