This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

US growth revised down again

  • Print
  • Comment

The US Bureau of Economic Analysis has yet again revised down US GDP growth for the third quarter of the year.

Real GDP was estimated to have increased at 1.8 per cent during the third quarter, down from the previous estimate of 2 per cent and lower than the first estimate of 2.5 per cent.

However, the rate of growth still compares favourably with real GDP growth of 1.3 per cent in the second quarter.

According to the Bureau of Economic Analysis, the rise in GDP for the third quarter was supported by positive contributions from non-residential fixed investment, personal consumption expenditures, exports and federal government spending.

However, these were offset by negative contributions from private inventory investment and state and local government spending.

Final sales of computers added 0.22 percentage points to the third-quarter real GDP up 0.07 from the second quarter.

Elsewhere, motor vehicle output added 0.12 percentage points to third-quarter GDP down 0.1 percentage points from the second quarter.

 

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments