US: Gain in real GDP in Q2 is likely to have been revised down to 1.0% annualized - RBS

Sandeep Kanihama FXStreet Contributor

Research Team at RBS, suggests that the gain in real GDP in Q2 is likely to have been revised down to 1.0% annualized from the BEA’s advanced estimate of 1.2%.

Key Quotes

“Economic indicators released since the initial GDP report, such as factory orders and construction spending for June, have suggested a greater drag from inventories and non-residential investment than was initially reported. Going forward, we expect overall real GDP to rise at a 3.5% pace in Q3, as inventories swing from an outright drawdown in Q2 to a build-up in Q3.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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