EIU Nowcast: Coronavirus yet to impact Q1 nowcast
2024-04-07 10:51
Nowcast image of the 5th week The EIU nowcast for 2020Q1 US GDP growth moved up to 1.99% (Y-on-Y) as of 28th Feb 2020.
The nowcast incorporates the actual Real GDP for 2019Q4, released last week – which accounts for most of the upward revision.
Data releases were mixed – the nowcast improved on account of business sentiment, trade and durable goods data; however, lower than expected consumer confidence and personal consumption expense data dragged it lower.
To get the full background to our EIU Nowcast, view our methodology and FAQs page or contact us using the form below.
Data releases (last week)
Indicators Reference Period Release Date Conference Board: Consumer Confidence (SA, 1985=100) Feb (20’) 25th Feb 2020 Manufacturers’ New Orders: Durable Goods [Flash] (SA, Mil.$) Jan (20’) 27th Feb 2020 Manufacturers’ Inventories: Durable Goods [Flash] (EOP, SA, Mil.$) Jan (20’) 27th Feb 2020 Manufacturers’ Unfilled Orders: Durable Goods [Flash] (EOP, SA, Mil.$) Jan (20’) 27th Feb 2020 Real Gross Domestic Product (SAAR, Bil.Chn.2012$) Quarter 4 (2019) 27th Feb 2020 Exports, f.a.s.: Goods (SA, Mil.$) [Flash] Jan (20’) 28th Feb 2020 Imports, Customs Value: Goods (SA, Mil.$) [Flash] Jan (20’) 28th Feb 2020 Real Disposable Personal Income (SAAR, Bil.Chn.2012$) Jan (20’) 28th Feb 2020 Real Personal Consumption Expenditures (SAAR, Bil.Chn.2012$) Jan (20’) 28th Feb 2020 MNI-Chicago Report: Business Barometer Index [Actual] (SA, 50+ = Econ Growth) Feb (20’) 28th Feb 2020 University of Michigan: Consumer Sentiment [Actual] (NSA, Q1-66=100) Feb (20’) 28th Feb 2020 Data releases (current week)
Indicators Reference Period Release Date ISM Mfg: PMI Composite Index (SA, 50+ = Econ Expand) Feb (20’) 2nd Mar 2020 ISM Composite Index (SA, >50=Increasing) Feb (20’) 2nd Mar 2020 US Markit PMI: Manufacturing [Actual] (SA, 50 +=Expansion) Feb (20’) 2nd Mar 2020 US PMI: Services Business Activity Index [Actual] (SA, 50+=Expansion) Feb (20’) 4th Mar 2020 ADP Nonfarm Private Payroll Employment (SA Change, Thous.) Feb (20’) 4th Mar 2020 Manufacturers’ New Orders: Durable Goods [Actual] (SA, Mil.$) Jan (20’) 5th Mar 2020 Manufacturers’ Inventories: Durable Goods [Actual] (EOP, SA, Mil.$) Jan (20’) 5th Mar 2020 Manufacturers’ Unfilled Orders: Durable Goods [Actual] (EOP, SA, Mil.$) Jan (20’) 5th Mar 2020 Change in Nonfarm Payrolls excluding the Effect of Strikes (SA, Thous) Feb (20’) 6th Mar 2020 Exports, f.a.s.: Goods (SA, Mil.$) [Actual] Jan (20’) 6th Mar 2020 Imports, Customs Value: Goods (SA, Mil.$) [Actual] Jan (20’) 6th Mar 2020 Contact us
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