Breakdown of US GDP vs Growth Nowcaster Readings

| Multi Asset

Breakdown of US GDP vs Growth Nowcaster Readings

After the recession scares that led the market sell-off last December, the Q4 US GDP growth numbers were highly anticipated by market observers. Expectations were for growth of 2.2%, but it came in at 2.6%. Still, we see in this number the reflection of our macro message: the housing market situation is so far the main weakness in US economic activity and has contracted for four quarters in a row. It is historically a dark omen. Durable goods consumption remained surprisingly robust in spite of negative pressures on long-term decision making, as revealed by our proprietary Growth Nowcaster.

Breakdown of US GDP vs Growth Nowcaster Readings

20190301 Chart of the Day - USD Q4 GDP - Web new
Source: Unigestion, based on Bloomberg data as at 01.03.19

Important Information

The information and data presented in this page may discuss general market activity or industry trends but is not intended to be relied upon as a forecast, research or investment advice. It is not a financial promotion and represents no offer, solicitation or recommendation of any kind, to invest in the strategies or in the investment vehicles it refers to. Some of the investment strategies described or alluded to herein may be construed as high risk and not readily realisable investments, which may experience substantial and sudden losses including total loss of investment.

The investment views, economic and market opinions or analysis expressed in this page present Unigestion’s judgement as at the date of publication without regard to the date on which you may access the information. There is no guarantee that these views and opinions expressed will be correct nor do they purport to be a complete description of the securities, markets and developments referred to in it. All information provided here is subject to change without notice. To the extent that this page contains statements about the future, such statements are forward-looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, market acceptance risks and other risks. 

Data and graphical information herein are for information only and may have been derived from third party sources. Although we believe that the information obtained from public and third party sources to be reliable, we have not independently verified it and we therefore cannot guarantee its accuracy or completeness. As a result, no representation or warranty, expressed or implied, is or will be made by Unigestion in this respect and no responsibility or liability is or will be accepted. Unless otherwise stated, source is Unigestion.

 Past performance is not a guide to future performance. All investments contain risks, including total loss for the investor.