Second Q4 reading was +3.2% annualizedFinal Q3 reading was +4.9% annualized Q2 was +2.1% annualized
Details:
Consumer spending +3.3% vs +3.0% second reading Consumer spending on durables % vs +3.2% second reading GDP final sales +3.9% vs +3.5% second reading GDP deflator 1.7% vs +1.7% second reading Core PCE +2.0% vs +2.1% second reading Business investment +0.7% vs +0.9% second reading Corporate profits +3.9%Government added 0.79 pp to GDPInventories subtracted 0.47 pp from GDPFull report
The final GDP report is rarely a market mover but can offer some hints at the following quarter. It’s also another tick in the box showing a resilient economy.
This article was written by Adam Button at www.forexlive.com.