He Gross Domestic Product (GDP) of the United States registered an expansion of 3% intertrystral Between April and June, as reported on Thursday the Economic Analysis Office (BEA). The data positively surprised the market, when it was located above the 2.5% planned by analysts and after a contraction of 0.5% in the first quarter of the year.
The rebound was explained mainly by A drop in imports —What subtract in the calculation of GDP – and for an increase in consumer expensethe traditional engine of the American economy. These improvements, however, were partially compensated by a decrease in private investment and exports.
As for real final sales to national private buyers —That combine the consumption of households with fixed investment – the growth was of the 1.2% In the second quarter, slowing down in front of the 1.9% registered between January and March.
On the price side, the BEA reported that the gross internal purchasing price index A 1.9%notably below the 3.4% of the first quarter, indicating an inflationary deceleration. He Personal Consumer Expenses Index (PCE)the metric preferred by the Federal Reserve, uploaded a 2.1% (vs. 3.7% previous), and its underlying variant – which excludes food and energy – increased a 2.5%in front of the 3.5% of the previous quarter.
These preliminary figures of the second quarter are the first to tangibly reflect the economic effects of the new commercial policy of the government of Donald Trumpin particular the tariffs applied in recent months.
Donald Trump’s reaction
President Donald Trump described the growth of the US GDP in the second quarter as “much better than expected” in a publication on social networks, while renewing his call to the Federal Reserve to cut the interest rates. While Jerome Powell and his colleagues from the Federal Open Market Committee have not yet given signs of an imminent change, It is expected that, for the moment, indebtedness costs will be maintained without modifications.
The economic environment shows signs of recovery and greater stability. According to analysts, the Dissipation of political uncertainty It has contributed to the uprooting market increase and an improvement in the consumer trust. In parallel, the US administration has closed key trade agreements with the European Union and Japanwhile other countries face a term until Friday to seal similar agreements or exposed to new tariff increases.
“An acceleration was expected from -0.5% of the first quarter, but it was estimated at 2.6%. Private consumption was accelerated in 2T to 1.4% (below the 1.5% expected) product of an acceleration in goods and services to 2.2% and 1.1%, respectively, from 0.1% and 0.6% in 1T. Private investment retracted 15.6% t/t Anualized from +23.8% 1T, affected by a strong reduction of inventories. Treasury rates reacted up and operate with 3pbs rises for shorter and 2-2.5pbs matches For the long -term, while the futures of the S&P 500 and the Nasdaq operate at +0.1% and 0.2%, respectively, “said analysts of Balanz
Meanwhile, Lara Castleton, portfolio strategy director at Janus Henderson said the GDP “It showed a solid rebound of economic activity up to 3.0 %, compared to the contraction of 0.5 % recorded in the first quarter, exceeding market expectations. This publication clearly contrasts with apocalyptic predictions after the announcement of tariff To the preparation of tariffs, these figures are not entirely distorted. ”
The US private sector recovers impulse and creates 104,000 jobs in July
The American private sector He added 104,000 new jobs in Julyreversing the loss of 23,000 jobs recorded in Junethe first from the pandemic. This was revealed on Wednesday the monthly report prepared by the consultant ADP Research Institute.
Employment generation showed a balanced recovery between sectors of goods and services. While the first contributed 31,000 jobs “Included 7,000 in the industry,” the second added 74,000 new positions.
In terms of business size, Great Companies (more than 500 employees) and medium (between 50 and 499) led the creation of jobs with 46,000 positions eachwhile small businesses (less than 50 workers) generated 12,000.
Source: Ambito
