Details from the Q4 2016 US GDP revision data report 27 February 2017
Flash 1.9%. Q3 3.5%
- Consumer spending 3.0% vs 2.6% exp. Flash 2.5%
- PCE 1.9% vs 2.2% exp. Flash 2.2%
- Core PCE 1.2% vs 1.3% exp. Flash 1.3%
Prelim sales 0.9% vs 1.0% exp. Prior 0.9%
GDP deflator 2.0% vs 2.1% exp. Prior 2.1%
Exports -4.0% v s-4.3% prior
Imports 8.5% vs 8.3% prior
As I gloss over the details the report isn't looking too hot.
Business and housing investment was lower, lower investment in structure led the fall on the business side.
Consumer spending is the bright spot, with gains in all three sub-components.
Overall, there's disappointment here, as the market was expecting more than just matching the flash. We've had updated price data since all this so the focus will be on that more than this.
USDJPY has edged down towards 112.00 from 112.20.
US GDP
