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26 Apr 2016
US: Durable goods and consumer confidence in focus today – Danske Bank
Research Team at Danske Bank, suggests that the data on durable goods for March in the US are due today, which should give an indication of investment growth in the last month of Q1.
Key Quotes
“Durable goods orders were weak in both January and February.
Another important US data release due today is the Conference Board consumer confidence for April. US consumer confidence stayed relatively upbeat in Q1 despite the financial turmoil and weak growth. Strong US consumer confidence for April would support our expectation that private consumption will rebound in Q2 after a weak Q1.
Additionally, we get the Markit service PMI for April, which should give an indication of the domestic growth and employment in the beginning of Q2.”
Key Quotes
“Durable goods orders were weak in both January and February.
Another important US data release due today is the Conference Board consumer confidence for April. US consumer confidence stayed relatively upbeat in Q1 despite the financial turmoil and weak growth. Strong US consumer confidence for April would support our expectation that private consumption will rebound in Q2 after a weak Q1.
Additionally, we get the Markit service PMI for April, which should give an indication of the domestic growth and employment in the beginning of Q2.”