The US GDP surprises everyone: + 5% in the third quarter. Not happened since … – Il Sole 24 Ore

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This article was published on December 23, 2014 at 14:41.
The last change is the December 23, 2014 at 17:15.

The US GDP growth in the third quarter compared to the second was revised to + 5%, the highest rate of increase recorded for the period from July to September 2003. The performance is well above analysts’ expectations (4.3%) and also to the growth rate in the second quarter (+ 4.6%).

During the first revision of the data, a month ago, the Government had indicated for the third quarter growth of 3.9%. On an annual basis, growth was 2.7%, a tenth higher than that calculated in the previous quarter. During corporate profits were up 2.8% from the previous quarter, instead of 1.7% as previously indicated, and 5.1% on an annual basis.

The consumer spending, the major source of economic activity in the United States, has been revised upwards to 3.2% from 2.2% the previous reading. According to data from the Commerce Department also business investment increased by 8.9% instead of 7.1% as previously estimated. Revised upwards, to 4.9%, the growth of exports. The increase in inventories was finally revised 82.2 billion dollars from 79.1 billion, a high level that could lead companies to reduce in the next quarter, the l evel of production, which obviously would have a damping effect of the activities economic. Inflation, as measured by the PCE, and ‘finally remained unchanged at 1.5% on an annual basis.

The White House: in 2014 the turning point
“The revision” of the GDP in the third quarter “indicates that the economy grew at the fastest rate in over a decade.” This was stated by the White House, noting that 2014 was the year of the ‘turning point’ for the United States but “there is still much to do to make sure that all Americans can share in the recovery.”

Rally dollar
The dollar gathers pace after the release of the macro-economic data the US, in particular, the GDP for the third quarter better than expected. It makes the cost that the euro fell below the threshold of $ 1.22 (euro-dollar exchange in real time).

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