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HFE chief US economists Jim...........>

US DATA REACT
US DATA REACT: HFE chief US economists Jim O'Sullivan noted today's Q3 real US
GDP "was revised to +3.3% at an annual rate from +3.0%, slightly above the 3.2%
consensus. We had 3.5%. The fairly strong reading followed 3.1% in Q2 and 1.2%
in Q1."
- He added that "real GDI was up at a 2.5% annual rate in Q3 -- it had not yet
been reported. The Q2 pace was revised to 2.3% from 2.9%."
- He concluded that "in short, the already solid growth rate was revised up, but
wage income was revised down. Core inflation remained tame."

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