Goldman Sachs Comments on US Q1 GDP Tracking at 2.3%
Tuesday, 2 April 2024, 23:34
Goldman Sachs Updates US Q1 GDP Tracking to 2.3%
Goldman Sachs has revised their estimates for the US Q1 GDP growth to 2.3% following a positive trend in factory orders and stable job openings. The factory orders increased by 1.4% in February, above expectations. Job openings were broadly in line with expectations at 8,756k in February. The jobs-workers gap based on the JOLTS stands at 2.0mn in March, indicating steady employment rates.
Key Points:
- Factory orders saw a +1.4% growth in February, surpassing estimates.
- Job openings remained stable at 8,756k in February.
- Goldman Sachs notes the positive trend in both factory orders and job openings.
Overall, the revised US Q1 GDP tracking reflects a moderate but positive outlook for the economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.