Andrew Kennedy, CIMA®’s Post

Unpacking Q4 GDP: A resounding 3.3% surge! Household consumption spearheads the growth, reaching new heights. Explore the intricacies with our investment research team in this week's #marketminute. https://bit.ly/3vYWeQe

Q4 GDP growth at 3.3%, driven by buoyant household consumption. Our investment research team breaks down the key insights in this week's #marketminute: https://bit.ly/47SqjhH

US Q1 real GDP growth was revised down to 1.3% (Q/Q SAAR). This was pretty close to the “underlying growth” we measured at the end of March (1.2%). Currently, we estimate trailing 3-month underlying growth at 1.5% for the US.

First-Quarter GDP Growth Estimate Unchanged. On February 8, the GDPNow model estimate for real GDP growth in the first quarter of 2024 is 3.4 percent, unchanged from February 7 after rounding. | Use link in bio to access content.

Good morning. On Thursday we get the Q2’24 US GDP report. We expect a 2.4% increase in contrast with the 2% consensus driven by strong household spending & solid private investment We think the topline will flattered by a strong inventory swing while real final private demand excluding inventories, trade & government spending will arrive closer to 1.8%. Thus our preferred metric of the real economy will slow from the 2.6% pace posted in Q1’24 reflecting a cooling in overall economic activity from the torrid pace posted in 2023.

The advance estimate of second quarter 2024 GDP surprises to the upside with a gain of 2.8 percent after an unrevised up 1.4 percent in the first quarter. 

First-Quarter GDP Growth Estimate Unchanged. On February 16, the GDPNow model estimate for real GDP growth in the first quarter of 2024 is 2.9 percent, unchanged from February 15. https://buff.ly/3AuIjQb

Better than expected first half of 2024 growth paves the way to hit the higher end of the official full year 2024 GDP growth forecast of 1-3%.

First-Quarter GDP Growth Estimate Decreased. On April 10, the GDPNow model estimate for real GDP growth in the first quarter of 2024 is 2.4 percent, down from 2.5 percent on April 4. https://buff.ly/3AuIjQb

Good morning: we expect the US Q1'24 GDP will show a 3% increase-consensus is currently 2.5% (low is 1.7%, high 3.1%). Household consumption & government spending will provide the major source of growth with a modest drag from inventory accumulation & net exports. We expect residential investment to show a larger than anticipated boost to overall economic activity.