More from FXstreet.com

Forex Flash: US to see modest improvement to 1.6% in Q3's GDP

By FXstreet.com,  October 19, 2012, 04:24:00 PM EDT

FXstreet.com (San Francisco) - The US Bureau of Economic Analysis will publish its GDP's 3Q report next Friday Oct 26 with a overall consensus of 1.8% growth in the third quarter of 2012. But Wells Fargo expects a modest improvement to 1.6% from the Q2 figures of 1.3% rises.

"In the third release of second-quarter GDP, we learned of a sharp downward revision to
farm inventories that reflected the effects of the drought over the summer months," points the Wells Fargo analyst team."

"We expect third-quarter GDP of around 1.6 percent, only a modest improvement from the second quarter," states the bank. "Personal consumption expenditures should remain modest, rising around 1.8 percent for the quarter."

Wells Fargo expects "growth to slow through year-end to around 1.3 percent in the fourth quarter, with the weakness likely carrying over to the first half of 2013."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Church of Scotland Backs Gay Clergy
Church of Scotland Backs Gay Clergy


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%