US Q4 GDP third reading +2.1% vs +2.1% expected

Author: Adam Button | Category: News

The third reading on Q4 2019 GDP

  • Second reading was +2.1%
  • Ex motor vehicles +3.1% vs +3.0% previously
  • Inventories +$13.1B vs +$13.0B previously
  • Exports +2.1% vs +2.0%
  • Imports -8.4% vs -8.6%
I don't see anything in the details that changes the trajectory of growth headed into Q1, and all bets are certainly off after the virus. Estimates range as low as -25% q/q annualized.

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