Wells Fargo Weekly Economic & Financial Commentary – September 25, 2015

Q2 Revised Higher, How Does Q3 Look?

• The latest revision to the GDP figures shows that Q2 economic growth was a bit better than expected. The U.S. economy expanded at 3.9 percent annualized rate. ·

• In this week’s U.S. Review we discuss what was by many measures the best summer home selling season in at least seven years and consider prospects for residential construction.

• We also break down the latest durable goods report and look at other factors influencing the less-than stellar outlook for the factory sector.