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
Alex Joiner is Chief Economist at IFM Investors. He is responsible for the firm’s economic, financial market and geopolitical risk analysis that is key in IFM’s investment process. In this capacity he engages with IFM’s domestic and global clients on macro-investment trends and themes. He is a frequent commentator on economic and markets via traditional and social media and regularly speaks at public forums and conferences. He has over two decades of professional experience in economic and markets and prior to joining IFM was the Chief Economist at Bank of America Merrill Lynch (Australian & New Zealand) after being a senior economist at ANZ Bank. He holds a First Class honours degree in Economics and a PhD in Econometrics from Monash University. Alex is also committee member of the Australian Business Economists.