US DATA: Dallas Fed Weekly Index Points To Steady Growth Through Mid-Q3
Aug-15 16:05
The Dallas Fed's weekly economic index (WEI) for the week ended Aug 9 remained relatively stable at 2.50% vs 2.59% the week prior (the figures are scaled to 4-quarter GDP growth).
- That brought the 13-week moving average up to 2.23% from 2.20% prior, for the highest since end-June.
- The latest estimates are consistent with steady growth or potentially a modest pickup in Q3 vs Q2, when 4-quarter GDP growth posted 2.0%.
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