US Q3 advance GDP preview – Goldman Sachs

The Research Team at Goldman Sachs publishes its preview on the US Q3 advance GDP numbers, which is due to be reported at 1230GMT.

Key Quotes:

“Our final Q3 GDP tracking estimate stands at +2.9%”

“Roughly in line with the consensus of forecasts that were updated after the September trade report”

“We look for a strong boost from net exports, solid consumer spending, a small contribution from capital expenditures, and another drag from inventories”