Goldman Sachs US Q1 GDP Tracking now at 2.3%Via a Goldman Sachs note issued on Tuesday following better factory orders data and in line job openings.
GS comments:
BOTTOM LINE:
- Factory orders increased by 1.4% in February, above expectations, while growth in January was revised down slightly
- Job openings increased were little changed at 8,756k in February, broadly in line with expectations. Job openings have remained stable in recent months.
- After incorporating today's JOLTS data. our jobs-workers gap based on the JOLTS, Indeed, and LinkUp measures of job openings stands at 2.0mn in March.
GS note further that the Factory orders +1.4% m/m result was above their expected +0.7%
- And on JOLTS job openings 8,756k for February vs. their estimate at 8,650k
More on the data here:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs US Q1 GDP Tracking now at 2.3% (https://www.forexlive.com/news/goldman-sachs-us-q1-gdp-tracking-now-at-23-20240402/)
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