Preliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com. This estimate should be viewed cautiously this early in the current quarter, but for now the current data suggest that economic activity may be set to normalize after post-pandemic volatility.
Daily Archives: May 3, 2024
Macro Briefing: 3 May 2024
* Global economy in 2024 will rise 3.1%, matching 2023’s gain, OECD forecasts
* Global manufacturing activity holds on to slight expansion in April via PMI survey
* US factory orders rose for a second month in March
* US labor costs rose sharply in Q1 as worker productivity growth slowed
* US jobless claims continue to hold at historically low levels:
