July 25, 2019 / 2:03 PM / 5 months ago

J.P. Morgan pares U.S. second quarter GDP view to 1.0%

NEW YORK (Reuters) - J.P. Morgan on Thursday trimmed its prior estimate on U.S. economic growth in the second quarter to 1.00% even in the wake of a larger-than-forecast increase in domestic durable goods orders and a shrinkage in trade goods deficit in June.

The government will release its first reading on gross domestic product at 8:30 a.m. (1230 GMT) on Friday. Analysts polled by Reuters forecast GDP growth likely decelerated to an annualized rate of 1.8% from 3.1% in the first quarter.

Reporting by Richard Leong; Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below