Goldman Sachs' first-quarter GDP tracking indicator remained at 3.3% following an update to U.S. trade deficit data.

LootboxPhobia · 2026-03-13T01:50:04+00:00

Goldman Sachs reports that the U.S. January trade deficit narrowed, driven by increased gold exports. Housing starts grew 7.2%, and initial jobless claims declined slightly. Goldman Sachs maintains its first-quarter GDP forecast at 3.3%.

LootboxPhobia

2026-03-13 01:50:04

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Investing.com – According to Goldman Sachs, the U.S. trade deficit in January narrowed more than expected, mainly driven by increased gold exports, which are not included in GDP calculations.

During this period, new home starts increased by 7.2%, surpassing expectations, as the market had anticipated a decline. December’s new home start data was revised downward.

Initial jobless claims slightly decreased, in line with expectations, remaining below the average level for the second half of 2025.

Goldman Sachs’ first-quarter GDP tracking estimate remains at an annualized rate of 3.3%. This estimate reflects the drag from rising oil prices in March but is partially offset by better-than-expected details in trade and new home start reports.

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