Today, the Central Statistical Office will publish data on GDP and the so-called. quick reading of inflation. “We expect that the annual GDP growth rate has not been revised from the preliminary estimate and amounted to 2.6 percent.” - Credit Agricole analysts wrote in a comment.
At 10:00 CSO will publish the second estimate of GDP in the third quarter of this year. “We expect that the annual GDP growth rate has not been revised compared to the preliminary estimate and amounted to 2.6 percent. We forecast headline PCE inflation to ease to 6.1%. in October from 6.2 percent. in September, while reducing core inflation to 5.0%. y/y 5.1 percent.” – we read in Makro Mapa Credit Agricole.
Analysts of this bank believe that “the Conference Board index (99.0 points in November against 102.5 points in October) will indicate a deterioration in household sentiment. In our opinion, the US data this week will be neutral for the financial markets.
The decline in consumer activity is the reason for the lower dynamics of GDP
Today, the structure of GDP in the 3rd quarter is also known, according to Credit Agricole experts, GDP growth will correspond to the preliminary estimate and will amount to 3.5 percent. y/y vs. 5.8% in the second quarter
“We believe that the main source of the decline in GDP growth in Q3 compared to Q2 was the lower contribution of consumption, which is the result of lower real growth in the wage bill, as well as a strong deterioration in the consumer economy. say analysts at Credit Agricole Bank Polska.
The Central Statistical Office will also provide a so-called inflation quick reading for November.
Source: Wprost
