Factory orders post first drop in five months

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Go back to Factory orders post first drop in five months

Goldman Sachs Hatzius Lowers Q2 GDP Estimate Again

June 5, 2017 11:31 AM EDT

As the economic data rolls in, Goldman's top economist Jan Hatzius keeps cutting his Q2 GDP estimate. Following today's ISM Non-manufacturing and factory orders data he is lowering his Q2 GDP estimate from 2.5% to 2.4%.

"Following todays reports, our May Current Activity Indicator (CAI) increased by two tenths to +3.0%, but we... More