Analysts See U.S. Q1 Final Sales Revised to 1.7% as Domestic Purchasers Rise to 3.0%
Updated
Updated · continuumeconomics.com · May 27
Analysts See U.S. Q1 Final Sales Revised to 1.7% as Domestic Purchasers Rise to 3.0%
1 articles · Updated · continuumeconomics.com · May 27
U.S. Q1 final sales are expected to be revised up to 1.7% from 1.6%, with final sales to domestic purchasers seen rising to 3.0% from 2.8%.
Retail sales and private construction spending—both residential and non-residential—are projected to post modest upward revisions that drive the stronger demand estimates.
Those gains are expected to outweigh negative revisions to public construction, inventories and net exports, with imports likely revised up more than exports in dollar terms.
Price measures are not expected to change, leaving the GDP price index at 3.6%, PCE at 4.5% and core PCE at 4.3%.
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