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24th Oct 2023 19:34US, Daily Monitor

  • Surging consumption and a spike in net foreign trade likely propelled Q3 GDP to 4.9% growth…
  • …But consumption will slow in Q4, the trade gain won’t be repeated, and inventories will be a big drag.
  • A massive Boeing order from Ryanair means upside risk for headline durable orders; core still sluggish?

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Keywords for: 26 October 2023 US Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence