Economic Update October 2017
Summary
The US economy continues to perform well as we move into the last quarter of 2017, building on momentum from the June quarter as the third estimate of GDP growth was again revised higher, up 0.1pp, to 3.1%yoy saar. This growth remains heavily reliant
on the US household sector that contributed 1.9pp to the 2.2%yoy rate of growth in real GDP. However, pleasingly, private investment also made a solid contribution through the year and is set to improve further...
US: ISM manufacturing and real GDP growth. ISM indexes point to growth upside. Source: IFM Investors, ISM, Bloomberg.
About the author
Chief Economist
Alex Joiner, PhD
Joined in 2016
Bachelor of Economics (Hons) (Latrobe University), PhD (Econometrics) (Monash University).
Alex is IFM Investors’ Chief Economist and has more than a decade of experience in the field. He is responsible for the firm’s economic, financial market and policy analysis and forecasting. Alex is also a member of the firm’s Investment Committee. Prior to joining IFM Investors, Alex was the Australian Chief Economist for Bank of America Merrill Lynch. In this role, Alex was responsible for providing economic insight and forecasts across asset classes and conveying these views to both domestic and global investors. Alex was also previously a Senior Economist at the ANZ Bank.