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