EIU Nowcast: Growth softens on lacklustre PMI

2024-04-07 11:00

    • The EIU Nowcast for 2020Q1 US GDP growth stands at 1.73% (Y-on-Y) as of 7th Feb 2020, about 0.1 percentage points lower than that of 31st Jan 2020.

    • The downward revision was largely due to negative news from lower than expected ISM PMI data, which outweighed positive surprises from the employment data.

    • 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)

    IndicatorsReference PeriodRelease Date
    ISM Mfg: PMI Composite Index (SA, 50+ = Econ Expand)Jan (20’)3rd Feb 2020
    US PMI: Svcs Business Activity Index [Latest Est incl Flash](SA, 50+=Expansion)Feb (20’)3rd Feb 2020
    US Markit PMI: Manufacturing [Latest Estimates incl Flash] (SA, 50 +=Expansion)Feb (20’)3rd Feb 2020
    ISM Composite Index (SA, >50=Increasing)Jan (20’)3th Feb 2020
    ADP Nonfarm Private Payroll Employment (SA Change, Thous.)Jan (20’)5th Feb 2020
    Change in Nonfarm Payrolls excluding the Effect of Strikes (SA, Thous)Jan (20’)7th Feb 2020

    Data releases (current week)

    IndicatorsReference PeriodRelease Date
    Retail Sales & Food Services (SA, Mil.$)Jan (20’)14th Feb 2020
    University of Michigan: Consumer Sentiment (NSA, Q1-66=100)Feb (20’)14th Feb 2020
    Industrial Production Index (SA, 2012=100)Jan (20’)14th Feb 2020
    Capacity Utilization: Industry (SA, Percent of Capacity)Jan (20’)14th Feb 2020

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