MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

MNI China Press Digest July 18: PBOC, Beijing, Arctic Shipping

MNI: PBOC Net Injects CNY47 Bln Via OMO Thurs; Rates Unchanged

MNI: EUROZONE MAY CONSTRUCTION OUTPUT -0.9% M/M, -2.4% Y/Y

UK private regular wage growth shows big drop in single month figures

TLFS transition delayed again

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Q3 GDP +33.1%; PCE +40.7%

US DATA
MNI (Washington)
  • U.S. GDP rose at an annual rate of 33.1% in Q3, above market expectations for a 32% increase, according to figures released Thursday by the Bureau of Economic Analysis.
  • That mainly reflected increases in PCE (+40.7%), exports (+59.7%), nonresidential fixed investment (+20.3%), and residential fixed investment (+59.3%).
  • Those increases were partially offset by a decline in federal government spending (-6.2%), reflecting fewer fees paid to administer PPP loans, the BEA said. State and local government spending also fell in Q3.
  • The GDP price index rose 3.6% after falling 1.8% in Q2. The PCE price index increased 3.7% following a 1.6% drop in Q2. Excluding food and energy prices, the PCE price index was up 3.5% in Q3 compared with a 0.8% decline in Q2.
  • Disposable personal income fell 13.2% in Q3 after surging by 44.3% in Q2. The personal savings rate slowed to 15.8% in Q3 compared with 25.7% in Q2.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
Energy BulletsCommodities

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.