U.S. gross domestic product for Q1 surprised analysts with its strength, but they warn the data beneath the headline tells a different story.
U.S. economic data showing significantly better-than-expected gross domestic product growth in the first quarter of 2019 surprised the markets on Friday morning, but analysts have warned that the figures beneath the headline tell a different story.
"Fab Q1 GDP print ...till you look under the hood and kick the tires," Megane Greene, global chief economist at Manulife Asset Management, wrote on Twitter.According to the consultancy Oxford Economics, a better measure of the underlying strength of economic growth is the figure for final sales to domestic purchasers, which does not include volatile trade data.
Oxford Economics noted said the composition of the strong number for headline GDP growth reveals that the economy is “undeniably cooling,” citing weak consumer outlays, slower business investment, and yet another contraction in residential investment.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
White House economic advisor Larry Kudlow says Fed should still cut rates despite 3.2% GDP growthThe U.S. economy is off to its best start to a year since 2015 and White House economic adviser Larry Kudlow believes it means the Federal Reserve should cut interest rates.
और पढो »
Friday's report of first quarter growth should show economy is strong and no recession in sightFirst quarter GDP likely is expected to have grown at a healthy 2.5% pace, a far cry from the early estimates of near zero growth.
और पढो »
Trade, inventories power U.S. economy to 3.2 percent growth in first quarterU.S. economic growth accelerated in the first quarter, but the burst in growth w...
और पढो »
American Express can surge 22% as company sales remain strong, analyst saysInvestors should buy shares of American Express as the credit card company's sales will keep growing at a fast pace thanks to a strong consumer, an analyst at Morgan Stanley said Thursday.
और पढो »
China says its economic growth is improving, but analysts warn it still needs stimulusChina's stronger-than-expected growth claim may be tempting policymakers to pare back stimulus. Analysts say that would be a mistake.
और पढो »
US economy posts strong gains in the first quarterUS gross domestic product grew at a robust rate in the first quarter of 2019, the Bureau of Economic Analysis said in its latest report on the American economy, released Friday.
और पढो »
US economy grew at strong 3.2% rate in first quarterUS economy grew at strong 3.2% rate in first quarter, overcoming worries about slow start to year
और पढो »
US economy grew at strong 3.2% rate in first quarterWASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global...
और पढो »
Alibaba’s Taobao.com Still a ‘Notorious Market’ Despite Improvements, U.S. SaysU.S. trade officials acknowledged steps by China’s Alibaba to curb the sale of counterfeit goods on its Taobao.com platform but left the e-commerce site on its “notorious markets” list.
और पढो »
Behind that great GDP number, the real economy slumpedThe economy isn’t doing nearly as well as that 3.2% GDP number reported Friday. Consumption and investment are both slowing.
और पढो »
Economy grows 3.2% in first quarter, GDP shows, much stronger than anticipatedThe economy accelerated to a 3.2% annual rate in the first three months of 2019, the Commerce Department said Friday.
और पढो »