01:30 PM GMT, United States - GDP data:
- GDP Sales (Q4): actual 3.5%; forecast 3.2%; previous 3.6%;
- GDP Price Index (Q4): actual 1.7% QoQ; forecast 1.5% QoQ; previous 3.3% QoQ;
- GDP (Q4): actual 3.2% QoQ; forecast 3.3% QoQ; previous 4.9% QoQ;
- PCE Prices (Q4): actual 1.8%; forecast 1.7%; previous 2.6%;
01:30 PM GMT, United States - Balance of Tade Data for January:
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Open real account TRY DEMO Download mobile app Download mobile app- Goods Trade Balance: actual -90.20B; forecast -88.40B; previous -88.46B;
United States saw varied contributions from different sectors, leading to a mixed economic outlook. Net trade contributed 0.32 percentage points compared to an advanced estimate of 0.43 points, while inventories added 0.27 points, surpassing the earlier 0.07 points estimate. Government spending also had a stronger impact than initially thought, contributing 0.73 points versus the 0.56 points in the advance estimate. This report paints a picture of weaker business investment and consumer spending, offset by unexpectedly robust government spending and inventory buildup. These factors, indicating potential downside risks for the 2024 growth, have led to a slight softening of the US dollar following the report.
