- Advance Q3 reading changed so far +2.8% compared to yesterday
- Second estimate changed so far +2.8% compared to yesterday
- Last Q2 reading adjusted to date +3.0% annually
Details:
- &): mt-2 list-disc space-y-2 pl-8″ depth=”0″>
- Consumer spending +2.8% vs +3.5% second reading
- Consumer spending on durable goods +7.6% vs +8.1% second reading
- Final sales GDP +3.3% vs +3.0% second reading
- GDP deflator +1.9% vs +1.9% second reading
- Main PCE +2.2% vs +2.1% second reading
- Corporate profits after tax -0.4% vs 0.0% second reading
- Business investment (non-residential fixed investment) +4.0%
Facilitators and Detractors to Growth:
- &): mt-2 list-disc space-y-2 pl-8″ depth=”0″>
- Consumption: +2.48 pp vs +2.37 pp second reading
- Government: +0.86 pp vs +0.83 pp second reading
- Net international trade: -0.43 pp vs -0.57 pp second reading
- Inventories: -0.22 pp vs -0.11 pp second reading
This article was written by Adam Button at www.forexlive.com.
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