Market Review, September 2010

Publication Date: 

September 2010


September economic data was in line with our expectations (VCG – Outlook - Second Quarter 2010) and paints a picture of soft growth. The US economy grew at a pace of 1.7% for the second quarter of 2010. This third revised growth estimate, although better than the second revision, is a weak number and indicates a slowdown from the previous quarters. The figure is sharply lower than the first quarter GDP growth figure of 3.7%.