Back
22 Jun 2015
US economy accelerating - BBH
FXStreet (Guatemala) - Analysts at Brown brothers Harriman explained that the US economy is accelerating.
Key Quotes:
"Data in the coming days will show that consumption, capital expenditures, and home sales are improving."
"Durable goods at the headline level may be held back by the drop in Boeing orders (11 vs. 37), which some attribute to the normal slowdown in orders before a large airshow (Paris)."
"However, the details may be better as orders excluding aircraft and military orders (which are a proxy for capex) are expected to rise 0.5%. This would do little more than offset the decline in April. However, the Q4 14 and Q1 15 monthly average was a decline of 1.2%."
Key Quotes:
"Data in the coming days will show that consumption, capital expenditures, and home sales are improving."
"Durable goods at the headline level may be held back by the drop in Boeing orders (11 vs. 37), which some attribute to the normal slowdown in orders before a large airshow (Paris)."
"However, the details may be better as orders excluding aircraft and military orders (which are a proxy for capex) are expected to rise 0.5%. This would do little more than offset the decline in April. However, the Q4 14 and Q1 15 monthly average was a decline of 1.2%."