3Q GDP Revised Up To +2.1% Vs +1.9%.........>

US DATA: 3Q GDP Revised Up To +2.1% Vs +1.9% Expected

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-2nd Est 3Q GDP +2.1% Vs Adv +1.9%; Final Sales +2.0% (Adv +2.0%)

-Prelim Corp Profits w/CCadj +0.2% Q/Q Vs 2Q +3.8%

-Change In Private Inventories +$79.8B Vs Adv +$69.0B

-Export Gap -$988.3B (Adv -$986.4B); Imports+1.5% (+1.2%)

-PCE +2.9% Vs Adv +2.9%; Govt +1.6% Vs Adv +2.0%

-Chain Weighted Price Index +1.8% Vs Adv +1.7%

-GDP Core PCE Deflator +2.1% Vs Adv +2.2%

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3Q US GDP was revised two-tenths higher on upward revisions to private 

inventory investment, nonresidential fixed investment and PCE. 

Offsetting that were downward revisions to state and local govt 

spending. Private inventories contributing 0.17pp instead of -0.05 

in the adv est, due to upward revision to nondurable goods mfg. Nonres 

fixed investment -2.7% vs -3.0% in advance est (structures investment 

was -12% instead of -15%). PCE was revised only a tad higher, 

contributing 1.97pp instead of 1.93pp in the adv est.