U.S. | 3Q15 GDP Revised Upward from 1.5% to 2.1%
Published on Tuesday, November 24, 2015 | Updated on Tuesday, November 24, 2015
U.S. | 3Q15 GDP Revised Upward from 1.5% to 2.1%
Summary
Inventories, nonresidential equipment investment, and government spending drove upward revision to 3Q real GDP growth. Personal consumption expenditures revised down from 3.2% to 3.0% QoQ SAAR, but trends still healthy moving into 4Q15. Incoming data remain in line with our projections for 2.5% growth in 2015.
Geographies
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- Global
Topics
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- Macroeconomic Analysis
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- GDP
Authors
Kim Fraser