Low mortgage interest rates fuel homebuilding in the Mountain West and South; the labor market continues its slow a… https://t.co/1pEhb0NBpS
US Monthly GDP Index for March 2020
Monthly GDP fell 5.1% in March. The February reading was unrevised. The weakness in March was mainly in personal consumption expenditures and was reinforced by much smaller declines in nonresidential fixed investment, net exports, and residential investment. This month's reading on monthly GDP for March is subject to more than the usual amount of (potential) revision, as the March decline is largely predicated on assumptions about spending on consumer services for which limited source data are currently available. Implicit in our forecast of a 37.0% annualized decline in GDP in the second quarter is a 7.4% (not annualized) decline in monthly GDP in April.
Our index of Monthly GDP (MGDP) is a monthly indicator of real aggregate output that is conceptually consistent with real Gross Domestic Product (GDP) in the National Income and Product Accounts. The Monthly GDP Index is consistent with the NIPAs for two reasons: first, MGDP is calculated using much of the same underlying monthly source data that is used in the calculation of GDP. Second, the method of aggregation to arrive at MGDP is similar to that for official GDP. Growth of MGDP at the monthly frequency is determined primarily by movements in the underlying monthly source data, and growth of MGDP at the quarterly frequency is nearly identical to growth of real GDP.
- Federal Reserve’s Beige Book: Upper Midwest and Plains see stagnant consumer spending and hiring as COVID-19 cases rise
- Capital Markets Weekly: Ant Group to sell record IPO
- Chile’s new constitution
- Weekly Pricing Pulse: Commodity prices reflect optimism as US stimulus talks continue
- Capital Markets Weekly: Record EU offering to boost ESG sector
- Weekly Pricing Pulse: Commodity markets revive after China-led hiatus
- Capital Markets Weekly: Italy issues first negative-yield three-year bond
- Weekly Pricing Pulse: A quiet week in commodity markets
This week’s highlight is the Ant Group IPO in Shanghai and Hong Kong, priced to raise a record USD34.4 billion.… https://t.co/qjwVeIsk8l