Best viewed on a device with a bigger screen...
Net foreign trade and inventories depressed GDP growth in H1, but will reverse, at least in part, in H2.
The case for a hefty rebound in headline Q2 GDP is quite strong, though final demand likely will slow.
Expect weaker JOLTS job openings and ISM services today, but supply constraints probably eased again.
This publication is only available to U.S. Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
core PPI, deficit, energy, foreign trade, gdp forecast, headline growth, imports, inventories, ism, job openings, July, June, May, mining, mortgage, national accounts, net foreign trade, oil, oil prices, payroll, ppi, q2, q2 gdp, q3, real estate, russia, savings, stock prices, supply chain, trade, trade deficit, wage growth, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence