29 Mar 2016
USA: Real GDP revised up 0.7pps to 1.4% saar in Q4 – Deutsche Bank
Research Team at Deutsche Bank, notes that in the US final sales were revised up 0.4pps to 1.6% saar.
Key Quotes
“Personal consumption rose 2.4% saar in Q4. Residential fixed investment increased 10.1% saar while non-residential fixed investment fell 2.1% saar. Final sales gained 1.6% saar. Meanwhile, the GDP deflator was up 0.9% saar while core PCE increased 1.3% saar. Corporate profits fell 7.8% saar and were down 11.5% yoy.
Personal income rises 0.2%mom in February, above mkt: Personal income rose 0.2%mom in February. Spending rose 0.1%mom in February after January was revised down to 0.1% mom from an initially reported 0.5% mom. The PCE deflator was down 0.1%mom in February to be up 1.0%yoy. The core PCE deflator was up 0.1%mom/1.7%yoy in February. Meanwhile, real personal spending increased 0.2%mom.
Advance goods trade deficit widens USD0.45bn to USD62.9bn in February: Exports fell 5.5% yoy whilst imports were unchanged from a year earlier.
Pending home sales rebound 3.5% mom in February, up 5.1% yoy: An 11.4% mom rebound in sales in the Midwest helped to drive growth.
Dallas Fed manufacturing activity index rises 18.2pts to -13.6 in March: The production index rose 11.8pts to 3.3 – the first positive reading since November – and the new orders index rose 12.8pts to -4.8.”
Key Quotes
“Personal consumption rose 2.4% saar in Q4. Residential fixed investment increased 10.1% saar while non-residential fixed investment fell 2.1% saar. Final sales gained 1.6% saar. Meanwhile, the GDP deflator was up 0.9% saar while core PCE increased 1.3% saar. Corporate profits fell 7.8% saar and were down 11.5% yoy.
Personal income rises 0.2%mom in February, above mkt: Personal income rose 0.2%mom in February. Spending rose 0.1%mom in February after January was revised down to 0.1% mom from an initially reported 0.5% mom. The PCE deflator was down 0.1%mom in February to be up 1.0%yoy. The core PCE deflator was up 0.1%mom/1.7%yoy in February. Meanwhile, real personal spending increased 0.2%mom.
Advance goods trade deficit widens USD0.45bn to USD62.9bn in February: Exports fell 5.5% yoy whilst imports were unchanged from a year earlier.
Pending home sales rebound 3.5% mom in February, up 5.1% yoy: An 11.4% mom rebound in sales in the Midwest helped to drive growth.
Dallas Fed manufacturing activity index rises 18.2pts to -13.6 in March: The production index rose 11.8pts to 3.3 – the first positive reading since November – and the new orders index rose 12.8pts to -4.8.”