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June 25, 2018

Orbex, What to expect from the final revised GDP figures by US, UK and Canada?

Final GDP releases make up the major theme this week.

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This article is originally referred from Orbex Market Preview.

The week ahead will see the GDP figures dominating the headlines.

Although, it is unlikely that the markets will react much to the final revised GDP figures unless there is a major deviation from the second revisions released a few weeks ago.

The U.S. and the UK will be releasing the final revised figures while Canada will be releasing the monthly GDP numbers.

According to the economists polled, the U.S. GDP for the first quarter was seen rising at a pace of 2.3% on the quarter.

This was a slightly higher revision compared to the initial estimates which showed a 2.0% increase. The GDP growth rate is expected to remain steady at 2.3% or 2.2%.

In the UK, the final revised GDP figures are expected to confirm that the UK’s economy advanced at a pace of 0.1% in the first quarter.

This would potentially mark the slowest pace of increase in the nation’s GDP as the central bank contemplates hiking interest rates in the coming months.

Preliminary data also suggested some weakness in the first two months of the second quarter.

Original Source: Orbex Market Preview

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