wrapper

US GDP rose by 0.2% in Q1

Wednesday, Apr 29 2015
US GDP increased at an annual rate of 0.2% in the first quarter of 2015, according to the "advance" estimate. Analysts were anticipating 1.0% growth. In the fourth quarter, real GDP increased 2.2%. The Bureau emphasized that the first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency  The "second" estimate for the first quarter, based on more complete data, will be released on May 29, 2015.
 
The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
 
After the data USD was pushed lower. Euro is currently being traded few points above 1.1030 area, Sterling is at 1.5370 level, while Aussie is around 0.8020 area. Later today, Pending Home Sales figures are scheduled for a release. But, the focus of the session will be on Fed's interest rate decision and moreover following policy statement that should bring a lot volatility to the markets.
More in this category: « Aussie testing 0.80 handle ahead of US data Pending Home Sales up by 1.1% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.