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US GDP increased by 2.0% in Q3

Tuesday, Dec 22 2015
US GDP increased at an annual rate of 2.0% in the third quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis.  In the second quarter, real GDP increased 3.9%. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 2.1%.  
 
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.
 
Euro is currently being traded few points above 1.0950 level, Sterling is around 1.4830 handle, while Aussie is above 0.7240 area. Later today, Existing Home Sales figures are scheduled for a release.
More in this category: « Public Sector Net Borrowing increased to £13.6 billion BoE cuts interest rates first time in seven years »

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