country flagالعربية

United Status GDP rises in first quarter of 2019

2019-05-30 01:02 pm | Resource: News | No Views : 61

United Status  GDP rises in first quarter of 2019

US first quarter GDP data, weekly jobless claims for the week ending May 25 and April's Advanced Merchandise Trade data were released at 14:30 CET on Thursday. After these data, the dollar fell against the major currencies.

US GDP grows 3.1% in the first quarter

The US Department of Commerce said on Thursday that US GDP growth fell 3.1% in the first quarter of 2019, up from 2.2% in the last three months of the previous year. The last estimate of the previously published decline was 0.1% and is now more in line with analysts' expectations.

The published estimates today reflected downward revisions to fixed nonresidential investments and investment in private stocks, while exports and personal consumption expenditures (PCE) rose. The increase in real GDP is mostly attributable to personal consumption expenditure, investment in private stock, exports, and government and local government spending. Total imports to the United States, which are deducted from the GDP figure, declined during the same period.

The personal consumption expenditure index rose by 0.4% in the three months to March 2019, compared to a 1.5% increase in the fourth quarter of 2018. Excluding food and energy prices, the personal consumption expenditure index rose by 1% compared to the previous increase of 1.8% %.

Weekly jobless claims in the US are up to 215,000
  • A report released by the Department of Labor on Thursday showed a slight rise in US jobless claims for the first time in the week ending May 25.
  • Initial jobless claims rose to 215,000, an increase of 3,000 from the revised level of 212,000 last week, the report said.
  • Economists had expected the jobless claims to rise to 210,000 claims out of 210,000 claims the previous week.
  • At the same time, the Labor Department said the four-week moving average was down to 216,750, down by 3,750 from the revised average of the previous week at 220,500.

Wholesale inventories in the US rose 0.7% in April

US wholesale inventories rose 0.7% in April from $ 674.5 billion in the previous month, the US Census Bureau said on Thursday. On an annualized basis, total inventories increased by 7.4% compared to the same month last year. The international trade deficit hit $ 72.1 billion in April, up $ 0.2 billion from $ 71.9 billion in March. April's exports totaled $ 134.6 billion, down $ 5.9 billion from March's exports. April's import of goods totaled $ 206.7 billion, down $ 5.6 billion from March's imports.

At the same time, April's retail stocks, adjusted for seasonal changes but not for price changes, estimated $ 660.9 billion, up 0.5 percent from March 2019 and 4.5 percent from April 2018.

Other analysis

Best Opportunities, Vision and Technical Analysis for The NASDAQ100 17 April 2019

We offer you the analysis of the NASDAQ 100 index on Wednesday , April 17, 2019 with the most important forecasts for the NASDAQ 100 index in the US market. Time frame Used - four hours The NASDAQ 100 is moving in a bullish direction in the near term. The Nasdaq 100 is still facing resistance and selling pressure around 7670 levels, forming a negative candlestick pattern as the indices…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.