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Q3 GDP unrev at +3.5% SAAR, as opposed to...>

US DATA
US DATA: Q3 GDP unrev at +3.5% SAAR, as opposed to the small upward 
adjustment to +3.6% expected, with the key upward revisions seen in 
nonresidential and residential fixed investment and private inventories.
- The prices measures were little changed. The overall GDP price index 
unrev at +1.7%, while the closely watched core PCE price measure was rev 
down to +1.5% (+1.6% adv), so the y/y rate at +2.0% up from +1.9% in Q2. 
- Nonresidential fixed investment rev up sharply to +2.5% from +0.8% 
adv due to a smaller drag from nonresidential structures. Residential 
investment and inventories were also revised higher.
- Real PCE was rev down to a +3.6% pace from the +4.0% advance estimate, 
with a large downward revision to goods spending. The net export gap, 
which was already large, was revised wider to $945.8b from $939.0b.
- Due to the mix of revisions, real final sales of domestic product were 
rev down to +1.2% vs +1.4% in adv estimate, while sales to domestic 
purchasers were unrev at +3.1%.
- Real GDI +4.0% Q3 vs +0.9% in Q2, while the GDP/GDI avg +3.8% vs +2.5%

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