April 30, 2012

US GDP – Q1 2012

US GDP grew by 0.5% (or 2.2% annualized) in the March quarter, confirming that the US economy is growing at a modest-to-moderate pace. There was mixed news on the composition of GDP with inventories making a further contribution to growth and business investment declining. However, consumption and housing investment were strong and there was a […]

  • US GDP grew by 0.5% (or 2.2% annualized) in the March quarter, confirming that the US economy is growing at a modest-to-moderate pace.
  • There was mixed news on the composition of GDP with inventories making a further contribution to growth and business investment declining. However, consumption and housing investment were strong and there was a small improvement in net exports.
  • We have left our forecasts for US growth unchanged at 2.3% in 2012 and 3.1% in 2013. In 2012, we expect GDP in the current quarter to grow at a similar rate to the March quarter and then strengthen in the second half of the year.
  • Implications for monetary policy broadly neutral. Recent FOMC economic projections signalled a reduced chance of further monetary policy but a key will be labour market performance in the months ahead.

For further analysis download the full report.

NAB Consumer  Sentiment Survey Q4 2024NAB Consumer  Sentiment Survey Q4 2024

NAB Consumer Sentiment Survey Q4 2024

16 January 2025

Consumer stress is rising again with Australians wary about the outlook for the year ahead. Household pressures are set to ease but until then the mantra for many consumers appears to be, “Show me the money”!

NAB Consumer  Sentiment Survey Q4 2024NAB Consumer  Sentiment Survey Q4 2024

Report