US GDP growth slowed to 3.5% in the third quarter


The US Commerce Department reported that the US economy grew 3.5% year-on-year in annual terms after rising 4.2% a quarter earlier. Thus, economic growth in the country has slowed. Experts had expected an even more significant slowdown – up to 3.3%. At the same time, consumer spending growth by 4%, which became a record since the 4th quarter of 2014, exceeded the growth predicted by analysts by 3.3%. US companies increased their investment by 0.8%. The size of their investments in equipment increased by 0.4%, in intellectual property – by 7.9%. The federal government increased defense spending by 4.6%. For other needs, expenses increased by 1.5%. In the third quarter, exports decreased by 3.5%, including the fall in exports of goods amounted to 7%, while exports of services increased by 3.5%. The volume of imports increased by 9.1%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong