Q3 GDP Beats Forecasts on Consumer, Gov.....>

US DATA: Q3 GDP Beats Forecasts on Consumer, Gov Spending 

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- Advance estimate for Q3 US GDP +1.9%, above estimates for +1.6% BBG 

- Nonresidential fixed investment -3.0%; residential +5.1% 

- Federal gov spending +3.4%; state and local +1.1%

- Real final sales of domestic product +2.0%

- Real final sales to domestic purchasers +2.0% 

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Q3 advance GDP slowed modestly from Q2, but outpaced market espectations 

for a 1.6% increase, boosted by continued consumer strength and 

government spending at the federal and state level, data released 

Wednesday showed. Real disposable income increased 2.9% in Q3 after 2.4% 

in Q2, helping explain ongoing consumer strength.