Free Trial

3Q adv GDP +3.0% vs +2.7% expected and down.>

US DATA
US DATA: 3Q adv GDP +3.0% vs +2.7% expected and down only slightly 
from 3.1% in 2Q, while GDP price index +2.2% vs +1.8% expected and +1.0% 
2Q. The core PCE price index was +1.3% in 3Q after +0.9% in 2Q, for 
year/year rates of +1.3% 3Q vs +1.5% 2Q. The BEA acknowledged the 
destruction from the hurricanes, but said it could not quantify the 
overall impact on the GDP data. Components for 3Q showed positive 
contributions from PCE (+1.62pp), inventories (+0.73pp), nonresidential 
fixed investment (+0.49), and net exports (+0.41pp) that were offset by 
negative contributions from residential investment (-0.24pp) and 
government spending (-0.02 pp). Real final sales +2.3% vs +2.9% in 2Q. 
See MNI main wire. 

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.