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Goldman Sachs

June 9, 2026

USA Economic Indicators Update

Macro Economic IndicatorsMacro Economic IndicatorsEquitiesOther

The report provides an update on Goldman Sachs' proprietary US economic indicators. Notably, the US Financial Conditions Index tightened by 23.1bp due to equity price declines, while the Q2 GDP forecast remains at 1.9%.

Key Takeaways

  • 1.The nominal GS US Financial Conditions Index (FCI) tightened by 23.1bp to 98.29, primarily driven by a decline in equity prices.
  • 2.The Q2 GDP forecast is maintained at +1.9% (quarter-over-quarter annualized).
  • 3.The May Current Activity Indicator improved to +3.0% from +2.5% in April.

Table of Contents

  • USA: GS Economic Indicators Update
  • Capex Tracker
  • Slack Tracker and Job Growth Tracker
  • Manufacturing Survey Tracker
  • Non-Manufacturing Survey Tracker
  • Wage Tracker
  • Monthly Wage Surveys
  • Core Inflation Tracker
  • GS Social Media Economic Sentiment Index
  • Disclosure Appendix

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Authors

Jan HatziusAleic PhillipsDavid MericleRonnie WalkerManuel AbecasisElsie PengPierfrancesco MeiJessica Rindels

Themes

Financial Conditions TighteningEconomic Growth and GDP

Regions

North AmericaUnited States