US GDP increased 2.1% in Q3

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Tuesday, Nov 24 2015

US GDP increased at an annual rate of 2.1% in the third quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9%. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment, state and local government spending, residential fixed investment, and exports that were partly offset by a negative contribution from private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP in the third quarter primarily reflected a downturn in privateinventory investment and decelerations in exports, in PCE, in nonresidential fixed investment, in state and local government spending, and in residential fixed investment that were partly offset by a deceleration in imports.

Euro is currently being traded few points below 1.0660 level, Sterling is around 1.5070 handle, while Aussie is above 0.720 area. Later today, CB Consumer Confidence figures are scheduled for a release.

More in this category: « Carney said that UK interest rates likely to remain low for some time CB Consumer Confidence unexpectedly declined to 90.4 »

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