From the GS preview of the US data due Friday at 1230 GMT
Goldman Sachs had been at +2.4% but have since bumped this up to a whopeing 2.6% q/q annualised
GS cite:
- firm pace of durable inventory growth
- and the surprising rebound in commercial aircraft shipments in March
Citi are at 2.7%
BNZ:
- US Q1 GDP figure, expected to show annualised growth of 2.3%
- a decent clip after accounting for the downward bias that has been prevalent in Q1 figures over recent years
- Inflation for the quarter looks subdued, with the annual rate in the core PCE deflator running below 1½%
Earlier previews here (Westpac and Scotiabank)
Graph via NAB:
