Group 1: Economic Indicators - The US Q4 GDP was revised up to 3.4%, exceeding the expected 3.2%[12] - The PCE for February showed a month-on-month increase of 0.3%, aligning with expectations[58] - The core PCE year-on-year decreased to 2.8%, meeting expectations and marking the lowest level since March 2021[58] Group 2: Inflation and Consumer Confidence - The March consumer confidence index reached 79.4, the highest since July 2021, surpassing the expected 76.5[36] - Short-term inflation expectations fell to 2.9%, the lowest since December 2020, while long-term expectations remained at 2.8%[5] - The energy component of the PCE rose by 2.3% month-on-month, rebounding from a previous decline of -1.4%[3] Group 3: Manufacturing and Profit Trends - The manufacturing PMI for March recorded at 50.8, exceeding the expected 50.1, indicating a return to expansion[17] - Industrial profits for January-February increased by 10.2% year-on-year, marking a significant recovery from a previous decline[78] - Downstream manufacturing profits improved significantly, showing a year-on-year increase of 11.7%[15]
宏观周报：国内制造业景气走强，美国核心通胀如期回落
Tong Guan Jin Yuan Qi Huo·2024-03-31 16:00