Tag Archives: US second-quarter GDP

Macroview Upbeat consumer spending figures and other data mean we maintain our forecast of 2.5% GDP growth for the US in the second quarter. Core retail sales in the US increased by 0.5% month-on-month in June, above consensus expectations. Moreover, April and May numbers were revised up by a cumulative 0.1%. The result was that core retail sales grew by a very strong rate of 7.4% quarter-on-quarter (q-o-q) annualised in Q2 2016, much higher than the 2.8% rise seen in Q1.Together with auto...

In spite of the relatively weak headline jobs number, wage growth and household income figures were quite upbeat. We therefore maintain our forecast of 2.5% GDP growth for the second quarter. Read full article here April’s US employment report was mixed. Job creation was relatively soft and the unemployment rate remained stable for ‘bad’ reasons. However, in the current economic context, employment growth remains healthy overall. Wage numbers were relatively upbeat, and the proxy for...