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Economic
Research
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06
May 2015
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UNITED STATES
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Economic
Highlights
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The
dismal first print on 1q15 real GDP growth of +0.2% annual rate, partly
swayed by weather conditions and various distortions, along with sizable
contributions from net exports and inventory change could impart some
influence on 2q15 economic growth. But the surprisingly bloated inventory
backdrop, which added 0.74%-point to headline growth, and the larger than
anticipated deduction from net exports, which shaved 1.25%-point from GDP
growth, in the first release are subject to revisions because of incomplete
source data (only through Feb) and ad-hoc distortions (port disruptions,
etc). And the latest data tentatively implies a downward revision to 1q15
real GDP growth to slightly negative territory, probably from +0.2% to -0.4%
annual rate (but the direction of the 1q15 GDP revision could still change in
subsequent weeks).
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To
access our recent reports please click on the links below:
30 April 2015: Dancing
Gingerly…
06 April 2015:Hiccup,
Pothole or Quicksand?
01 April 2015: A
Sectoral Lean through 2025
19 March 2015: Not
Impatient but More Foggy
10 March 2015: The
ECB’s Growth Forecast: Upside or Downside Risk?
09 March 2015: Dig
Beyond the Job Market Headlines…
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Wednesday, May 6, 2015
RHB | United States | Early Stab at 2q15 Growth…
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