AFMC - U.S. Q1 Growth Nowcast Ticks Down Suggests Expansion Is Slowing
2024-03-22 12:01:00 ET
Summary
- The US economy remains on track to post a moderate growth rate in the upcoming first quarter GDP report, but the expansion continues to show signs of slowing.
- The US PMI Composite Output Index eased to 52.2 in March, down slightly from February’s 52.5.
- Despite the softer trend in US economic activity, the odds remain low that stall speed or worse is a near-term risk.
The US economy remains on track to post a moderate growth rate in the upcoming first quarter GDP report, but the expansion continues to show signs of slowing....
U.S. Q1 Growth Nowcast Ticks Down, Suggests Expansion Is Slowing