US US GDP growth bounced back in the third quarter after disappointing readings in the first two quarters of the year. Annualised growth climbed 2.9% with consumer spending and net exports leading the way in terms of contributions to headline growth. Equipment and residential investment subtracted from growth in the quarter as nonresidential investment bounced [...]
US The Federal Reserve received positive reports on the US economy in September. Reports in the Beige Book were described using particularly upbeat language with increasing accounts of labor market tightening and wage pressure. Economic indicators released last week continued to support the case for a December rate hike. Multi-family housing starts plummeted in September, [...]
US The ISM manufacturing and non-manufacturing indexes reversed weak August readings in September, suggesting that weakness was more likely the result of seasonal quirks than a material slowdown. The manufacturing index returned to expansion territory, adding 2 points to 51.5 in September. The picture improved in most of the subcomponents. The most notable was the [...]
US The third estimate of real GDP growth advanced at a 1.4%, a bit faster from the previously-reported 1.1% increase. The still-anemic upwardly revised reading is due to a smaller drag in inventories, structures and equipment and an uptick in net exports. Real final sales, which removes the more volatile GDP components, was also revised [...]
