Although March's data on durable goods orders show that industry is still by far the best performing part of the economy, business investment appears to have ground to a halt. This is one reason why we believe that tomorrow's release of first-quarter GDP will reveal an annualised increase of just 1%, half that expected by the markets.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services