Pantheon Macroeconomics - Two entirely separate factors point to significant upside risk to the first estimate of third quarter GDP growth, due today. First, we think it likely that farm inventories will not fall far enough to offset the unprecedented surge in exports of soybeans, which will add some 0.9 percentage points to headline GDP growth.

U.S. Documents | 28 October. 2016 Upside Risk for Third Quarter Growth,Watch Inventories
Two entirely separate factors point to significant upside risk to the first estimate of third quarter GDP growth, due today. First, we think it likely that farm inventories will not fall far enough to offset the unprecedented surge in exports of soybeans, which will add some 0.9 percentage points to headline GDP growth.

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28 October. 2016 Upside Risk for Third Quarter Growth,Watch Inventories

By Ian Shepherdson

Two entirely separate factors point to significant upside risk to the first estimate of third quarter GDP growth, due today. First, we think it likely that farm inventories will not fall far enough to offset the unprecedented surge in exports of soybeans, which will add some 0.9 percentage points to headline GDP growth.

Posted: 27th Oct 2016 in 'U.S. Documents'

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