- Final Q3 GDP was 3.1% annualized
- Final Q2 reading was +3.0% annualized
- Consumer spending: +4.2% vs +2.8% prior
- Durable goods: vs +7.6% prior
- GDP final sales (excluding inventories): 3.2% vs 3.3% prior
- GDP price index (GDP deflator): 2.2% vs 1.9% prior
- Core PCE (excluding food & energy): 2.5% vs 2.2% prior
- PCE price index: 2.3% vs 1.5% prior
- Business investment (nonresidential fixed investment): -2.2% vs 4.0% prior
Contributors and subtractors:
- Consumption: +2.82% vs +2.48% prior
- Government: +0.42% vs +0.86% prior
- Net International trade: +0.04% vs -0.43% prior
- Inventories: -0.93% vs -0.22% prior
This article was written by Adam Button at www.forexlive.com.
