Goldman Sachs US Q1 GDP Tracking now at 2.3%

Via a Goldman Sachs note issued on Tuesday following better factory orders data and in line job openings.

GS comments:

BOTTOM LINE:

• Factory orders increased by 1.4% in February, above expectations, while growth in January was revised down slightly
• Job openings increased were little changed at 8,756k in February, broadly in line with expectations. Job openings have remained stable in recent months.
• After incorporating today’s JOLTS data. our jobs-workers gap based on the JOLTS, Indeed, and LinkUp measures of job openings stands at 2.0mn in March.

GS note further that the Factory orders +1.4% m/m result was above their expected +0.7%

• And on JOLTS job openings 8,756k for February vs. their estimate at 8,650k

More on the data here:

• US February JOLTs job openings 8.756M vs 8.750M estimate
• US February factory orders +1.4% vs +1.0% expected

This article was written by Eamonn Sheridan at www.forexlive.com.