- April GDP 0.3% vs. 0.3% expected and 0.0% prior.
- May Advance GDP 0.1% vs. 0.3% prior.
- Services producing industries +0.3%.
- Goods producing industries +0.3%.
- 15 of 20 sectors increasing in the month.
Wholesale trade, mining, quarrying, and oil and gas extraction and
manufacturing were the largest contributors to growth in April after
recording declines in the previous month. Following two consecutive
monthly decreases, retail trade was also among the top drivers of growth
in April, led by food and beverage retailers and gasoline stations
which rebounded from declines recorded in previous months.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
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