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Report published August 11, 2026

USA Economic Indicators Update: Goldman Sachs Research (August 11, 2026)

Source and citation context

Report date
August 11, 2026
Analysis as of
Not stated in source

Authors / editors: Jan Hatzius (Analyst), Alec Phillips (Analyst), David Mericle (Analyst), Ronnie Walker (Analyst), Elsie Peng (Analyst), Pierfrancesco Mei (Analyst), Jessica Rindels (Analyst)

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Weekly UpdateMacro Economic IndicatorsRates Govt BondsOther

This report provides a weekly update on US economic indicators, noting a slight tightening of financial conditions driven by higher 10-year Treasury yields. It also highlights current forecasts for GDP, economic surprise indices, and various activity trackers.

Key Takeaways

  • 1.The nominal GS US Financial Conditions Index tightened by 2.4bp to 98.43, primarily driven by a rise in the 10-year Treasury yield.
  • 2.The real GS US FCI eased by 1.2bp to 98.12.
  • 3.Q3 GDP forecast remains at 2.7% (quarter-over-quarter annualized).

Table of Contents

  • 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

Report data

Current Activity Indicator

MetricEstimateContext
Nominal GS US Financial Conditions Index98.43 index pointsweek ending 2026-08-11
Real GS US Financial Conditions Index98.12 index pointsweek ending 2026-08-11
Q3 GDP Growth Forecast2.7%quarter-over-quarter annualized
Source: Goldman Sachs. This is a dated model snapshot, not a live forecast.

Reports in this series

GS Economic Indicators Update is shown in chronological order through this edition, published on August 11, 2026.

Part of the GS Economic Indicators Update series — view all 4 editions

Looking for the latest edition? Global GS Economic Indicators Update Above Potential DM Activity (Sep 1, 2026)

  1. Aug 10Global GS Economic Indicators Update US Wage Growth Moderates to 3.6

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Authors / Editors

Jan Hatzius · AnalystAlec Phillips · AnalystDavid Mericle · AnalystRonnie Walker · AnalystElsie Peng · AnalystPierfrancesco Mei · AnalystJessica Rindels · Analyst

Reported Data Context

  • Nominal GS US Financial Conditions Index: 98.43 index points (week ending 2026-08-11) · Source: Goldman Sachs
  • Real GS US Financial Conditions Index: 98.12 index points (week ending 2026-08-11) · Source: Goldman Sachs
  • Q3 GDP Growth Forecast: 2.7 percent (Q3 2026) · Source: Goldman Sachs

Securities

10-year Treasury

Themes

Financial ConditionsEconomic Growth

Regions

North AmericaUnited States