Domestic economic fundamentals continued strong at the start of the third quarter
The data due out this week will contribute to the determination of the sustainability of the business expansion . The risk has been whether the strong growth of the second quarter of this year can continue into the third quarter. There have been three quarters in the past seven years where Real GDP growth was very strong only to have growth drop back to the 2% level in the following quarters. The second estimate for the second quarter GDP will be released this week and is expected to remain above 4%.
PROBANK AUSTIN ADVISOR - AUGUST 27, 2018