US OUTLOOK: Nomura says the Q1 GDP data include for
First Published Friday, 27th April 2012 09:48 pm - © 2012 MNI News MNI Fixed Income Bullet Points delivers real-time commentary in concise bullet point format. Learn more
US OUTLOOK: Nomura says the Q1 GDP data include headwinds for Q2,
namely that there was a "big build-up" in inventories over the
past two qtrs. This "suggests that inventories will likely be at
a minimum neutral and potentially negative for growth in the
remainder of 2012." That is not good for GDP if consumption
slows.