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Q1 GDP... Don't Break Out The Champagne Quite Yet
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<blockquote data-quote="cheryl" data-source="post: 4044836" data-attributes="member: 1"><p><strong>Q1 GDP... Don't Break Out The Champagne Quite Yet - Seeking Alpha</strong></p><p><strong></strong></p><p><strong>Summary</strong></p><ul> <li data-xf-list-type="ul">Net exports plus a build-up in inventories contributed 1.68% to GDP. That's the biggest bump in 6 years and muddies the economic waters.</li> </ul> <ul> <li data-xf-list-type="ul">So far, Q1 earnings are at a -3% year-over-year decline and Q2 forecasts are expecting a -0.5% decline.</li> </ul> <ul> <li data-xf-list-type="ul">Today's GDP report saw residential construction decline -2.8% on an annual rate, the fifth consecutive quarterly decline.</li> </ul></blockquote><p></p>
[QUOTE="cheryl, post: 4044836, member: 1"] [B]Q1 GDP... Don't Break Out The Champagne Quite Yet - Seeking Alpha Summary[/B] [LIST] [*]Net exports plus a build-up in inventories contributed 1.68% to GDP. That's the biggest bump in 6 years and muddies the economic waters. [/LIST] [LIST] [*]So far, Q1 earnings are at a -3% year-over-year decline and Q2 forecasts are expecting a -0.5% decline. [/LIST] [LIST] [*]Today's GDP report saw residential construction decline -2.8% on an annual rate, the fifth consecutive quarterly decline. [/LIST] [/QUOTE]
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