U.S. advance Q3 GDP data
SPY•U.S. real GDP grew at a 3.4% annualized rate in the third quarter, up from 2.2% in the second quarter and above the 3.2% forecast.
1. GDP and prices
Advance data showed third-quarter real GDP rose 3.4% at an annualized rate, compared with 2.2% in the second quarter and a 3.2% economist forecast. Final sales of domestic product rose 1.7%, versus 2.8% in Q2 and a 2.0% forecast. Consumer spending increased 3.8%, matching Q2. The implicit deflator rose 2.2%, the core PCE price index 2.5%, and the PCE price index 2.1%; forecasts were 3.5%, 2.4% and 2.6%, respectively.
