Revised numbers for US economic activity in the third quarter point to a slightly stronger recovery vs. the previous update, based on the median estimate for a set of nowcasts compiled by CapitalSpectator.com. The upbeat profile still deserves to be viewed cautiously, in part because of a hefty negative outlier in the nowcasts. But for now, the overall profile suggests that the economy may be set to rebound in next month’s release of Q3 GDP data from the Bureau of Economic Analysis.
Daily Archives: September 7, 2022
Macro Briefing: 7 September 2022
* Antarctica’s melting ‘Doomsday glacier’ could raise sea levels several feet
* US tech firms receiving gov’t funds barred from building tech factories in China
* Global manufacturing activity contracts in Aug–first decline since June 2020
* China’s exports growth eased in August
* Putin calls for review of UN-brokered grain deal
* German industrial output continued falling in July
* US Services PMI shows sector contraction deepened in Aug, but…
* ISM Services Index paints a much brighter picture: moderate, steady growth:
