Tuesday 22 December 2015

US economy grew by 2% in the third quarter



The gross domestic product of the USA increased by 2% in the third quarter, according to the
third estimate, that was released today by BEA.
The result was below initial estimates for growth of 2.1%, but exceeded the forecasts of analysts, who expected more serious correction to 1.9
%.
The change of the data is influenced mainly by the trade deficit, which was above previous estimates and the stockpiling recorded a slight increase according to the reported earlier.
Exports increased by 0.7% instead of 0.9% while imports rose 2.3% instead of 2.1%. The increase of stockpiling was revised from $ 90.2 billion to $ 85.5 billion.
However, home construction is represented more strongly than previous calculations, with recovery of 8.2 percent instead of 7.3 percent.
The growth of domestic consumption remains at 3% and business investment recorded an increase of 2.6% for previous estimates of 2.4%.
For the first nine months of 2015, the US economy registered expansion of 2.2%, and probably continued at the same pace in the last months of the year.


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