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- US economy poised for a smooth landing? - BNP Paribas
US economy poised for a smooth landing? - BNP Paribas
BNP Paribas analysts suggest that the positive cyclical surprises for the US economy have become rare, but the economy still seems to be poised for a smooth landing.
“In the US, positive cyclical surprises have become rare: employment figures and the ISM PMI were the only statistics that surpassed expectations in January. Yet these are solid indicators. Moreover, although industrial output & retail sales were disappointing, they were probably caused by poor weather conditions or temporary factors (government shutdown). For the moment, US economy still seems to be poised for a smooth landing.” analysts said.
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