- Analytics
- News and Tools
- Market News
- US Gross Domestic Product grows by 3.1% in Q3 vs. 2.8% expected
US Gross Domestic Product grows by 3.1% in Q3 vs. 2.8% expected
- US economy grew at a faster pace in Q3 than initially estimated.
- US Dollar Index stays in the red below 108.00.
The United States' Gross Domestic Product (GDP) expanded at an annual rate of 3.1% in the third quarter, the US Bureau of Economic Analysis (BEA) reported in its final estimate on Thursday. This reading came in above the market expectation and the previous estimate of 2.8%.
"The update primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment," the BEA explained in its press release. "Imports, which are a subtraction in the calculation of GDP, were revised up."
Market reaction
This report failed to trigger a noticeable market reaction. At the time of press release, the US Dollar Index was down 0.3% on the day at 107.90.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
