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U.S. GDP rose by 3.9%

Friday, Sep 25 2015
U.S. GDP increased at an annual rate of 3.9% in the second quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.6%. In the second estimate, the increase in real GDP was 3.7%. With the third estimate for the second quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased more than previously estimated.
 
The acceleration in real GDP in the second quarter reflected an upturn in exports, an acceleration in
PCE, a deceleration in imports, an upturn in state and local government spending, and an acceleration in nonresidential fixed investment that were partly offset by decelerations in private inventory investment and in federal government spending.
 
After the data USD added few points. Euro is currently being traded few points above 1.1150 area, Sterling is at 1.5180 level, while Aussie is 0.70 handle. Later today, Revised Consumer Sentiment data is scheduled for a release.
More in this category: « M3 Money Supply decreased to 4.8% in August Consumer Sentiment the lowest level since October »

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