PwC warns third-quarter GDP data likely to be ‘disappointing’

Of the 14 indicators in analyst firm PwC’s sectoral insights, published ahead of the release of gross domestic product (GDP) data on Tuesday, only wholesale trade and civil construction showed improvements in the third quarter. This, PwC said, “sends a clear warning” that GDP data for the third quarter would likely be disappointing, a situation that would also probably continue into the fourth quarter.