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U.S. Day Ahead: U.S. economic growth to slow a bit

Thursday, April 26, 2012 - 02:18

April 26 - U.S. economic growth most likely slowed down in the first months of 2012, but Reuters Economics Editor Stella Dawson says there might be a positive surprise.

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That's economic growth most likely slow down and the first month of 2012 but not much whispers years. Economists say the GDP numbers being released by the Commerce Department tomorrow. The economy grew 2% pace in the first quarter compared to that 3% pace in the last months of 2011. Reuters economics editor Stella Dawson says that positive surprise. Warm weather -- Americans into the shopping hold on to the car dealer lots in the first quarter and that points to a positive number of consumer spending. You'll be good news for the overall economy because traditionally consumer spending accounts that two thirds of four US economic growth. The wild card to -- inventories. Economists are uncertain just how strong that number might speak compromised the positive -- And consumer confidence is not lagging economist David Thomson Reuters University of Michigan survey of consumer sentiment coming up tomorrow won't show any growth or -- In the number Reuters correspondent leaders there has mark. Consumer sentiment report on Friday. -- expected to show that the end of April held steady over the beginning of the month. Still a little bit of the typical for march what we got ahead of the yearly report with that gasoline prices were hitting household budgets. Analysts will be looking to see if that has eased up as gasoline prices -- all factors. Other economic data coming up tomorrow and employment costs and the -- weekly index. Reports first quarter earnings before the market opens the number two automaker in the US is expected to report earnings of 36 cents a share that's down sharply from the same period a year ago. Struggling to hold on the market share that is said it's more focused on boosting profitability. Earlier this week for received an upgrade from Fitch ratings ending is that your period in which the auto -- who has read it below investment grade. Several corporate heavyweights reporting earnings tomorrow we'll keep an eye on the second largest US company Chevron. International Paper Merck Procter gamble. The largest pulp and Paper companies in the world where house there. All of the above report before the market and I'm Rhonda -- this is Reuters.

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U.S. Day Ahead: U.S. economic growth to slow a bit

Thursday, April 26, 2012 - 02:18