After the US data comes the GDP cuts

Barclays and Goldman Sachs are out with their latest round of cuts from today’s data.

Barclays cuts Q3 tracking GDP after retail sales to 2.4% from 2.5%. Revises Q2 tracking to 4.0% vs 4.1% prior

They then cut Q2 tracking again on the inventory data to 3.8% from 4.0%

Goldmans cut Q3 tracking to 3.1% from 3.3% on retail sales and cut Q2 t0 3.7% from 3.9% on inventories.

Remember these trackers are supposed to keep score as we get data, so they move up and down a lot. The next actual US GDP revision is 28th August.