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US: the record for the longest expansion ever is in sight
In Q4, US real GDP increased by 2.6% (vs 3.4% in Q3). Personal consumption remained strong despite a soft patch at the end of the period, while business investment strengthened. The start of the shutdown weighed on federal spending, but its negative impact, which will probably still be visible in Q1, is temporary. The weakness of the construction sector is proving to be more durable but in sustainable proportions. Business climate indicators point to slightly weaker growth in ear...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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