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Goldman Sachs Boosts Q3 US GDP Forecast to 2.7% on Trade Data

Guavy AI Editorial Team
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Goldman Sachs has increased its third-quarter GDP tracking estimate to 2.7% from 2.4%, citing stronger-than-expected details in factory orders and trade balance reports released on Tuesday.

The investment bank raised its forecast by 0.3 percentage points on a quarter-over-quarter annualized basis, but maintained its second-quarter GDP tracking estimate at 1.5%.

Job openings fell by 178,000 to 7.359 million in June, below the median forecast of 7.454 million and Goldman Sachs' own estimate of 7.3 million.

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