US: Q4 GDP growth likely to disappoint at 2.2% - TDS

According to analysts at TD Securities, following weak December retail sales and core capital goods data, they are looking for the US Q4 GDP growth to disappoint at 2.2%.

Key Quotes

“While consumption expenditures should be respectable (upper 2% range), we look for drags from housing and inventories.”

“Also published today, the release of the Chicago PMI and the Kansas City Fed manufacturing survey for February should shed more light on activity in the sector ahead the release of the ISM manufacturing survey on Friday.”