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US Q3 GDP second reading +3.2% q/q annualized vs +3.0% expected
- The first reading was +2.9%
- Best quarter since Q3 2014
- Q2 was at +1.4%
Details
- Personal consumption 2.8% vs 2.3% exp
- Prior consumption 2.1%
- Final sales 2.7% vs 2.8% exp
- Business investment +0.1% vs +1.2% initially reported
- Business investment in equipment -4.8% vs -2.7% initially reported
- Exports +10.1% vs 10.0% initially reported
- Imports +2.1% vs +2.3% initially reported
- Inventories +$7.6B vs +$12.6B initially reported
- Inventories added 0.49 pp to GDP
- Corporate profits after tax +7.6% vs -1.9% in Q2
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