Forex - US Final (3rd est) Q3 GDP 2.1%, Core PCE Prices 2.1%, details positive


 13:48 (GMT) 20 Dec

  [Economic Data]

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US Final (3rd est) Q3 GDP 2.1%, Core PCE Prices 2.1%, details positive (0101-QJVF-C01)

Final Q3 GDP at 2.1% was unrevised at 2.1% though the details were constructive, consumer spending revised to 3.2% from 2.9%, an upward revision to services outweighing a small downward revision to retail, offset in the GDP details by a downward revision to inventories. Final sales to domestic buyers (GDP less inventories and net exports) were revised to 2.2% from 2.0% and final sales (GDP less inventories) to 2.1% from 2.0%, though the downward revision to net exports was marginal. Business investment and government were revised marginally higher, housing marginally lower. The main price indices, including core PCE at 2.1%, saw no revisions.


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