US 1st quarter GDP due out at 8:30 AM

Written April 29, 2009 at 8:20 AM EST by  

greg_michalowski_fxdd_fxtrading01647 

The US 1st quarter GDP will be released at 8:30 AM.  The expectation is for a decline of 4.7% annualized  for the quarter.  Last quarter the annualized decline came in at -6.3%.  This was the lowest level since the 1Q 1982.

The Consumption is expected to improve by 0.9% after two months of sharp declines.  GDP Price Index is expected to rise by 1.8%  for the quarter.

greg_michalowski_fxdd_fxtrading01648

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