GDP Breakdown Highlights -Real GDP increased by 1.4% in Q1 2024, up from the second estimate of 1.3%. -This growth rate is a significant deceleration from the 3.4% increase in Q4 2023. -Current-dollar GDP rose 4.5% to $28.27 trillion. The price index for gross domestic purchases increased 3.1%. -Personal consumption expenditures (PCE) price index increased 3.4%. -Personal income and disposable personal income saw increases, though both were revised downward. -Real gross domestic i...
Macro News Australia April Retail Sales +0.1% M/M S/Adj (Reuters Poll +0.2%) Retail sales in Australia rose at a slower-than-expected pace as shoppers remained wary in the face of high consumer prices, according to data released today by the Australian Bureau of Statistics. Australian Retail Sales Failed to Spring Back in April Australian retail sales remained weak in April, highlighting the plight o...
Increased power demand from AI and government incentives for infrastructure are driving a new industrial revolution. Only 16% of the $1.2 trillion North American infrastructure projects announced since 2021 have begun construction, paving the way for years of continued growth. Companies like Eaton are experiencing a surge in demand for data center equipment, with a backlog that has quadrupled since 2019. Machinery manufacturers like Cater...
On Wednesday, all three major averages closed at new records as inflation data came in lower than expected. The$Dow Jones Industrial Average(.DJI.US)$rose 350 points, representing a gain of 0.88%, while the$S&P 500 Index(.SPX.US)$climbed 1.17%, closing above 5,300 for the first time. The tech-heavy$Nasdaq Composite Index(.IXIC.US)$also posted gains, ending the session 1.40% higher. What's behind the recent uptrend? The lat...
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HEY, Watch out for GNS today…run likely