US GDP Shows Biggest Growth Since 2003
troygates2284Market sentiment was buoyed by upward revision in US GDP growth. Real GDP expanded +5% saar in 3Q14, a surprisingly large revision from the previous estimate of +3.9% and 2Q14’s +4.6%. Consumer spending contributed +2.2% while fixed investment contributed +1.2%. Net exports contributed +0.8% while the federal government contributed +0.7%. On the contrary, inventory represented a marginal drag on growth.
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US GDP Shows Biggest Growth Since 2003
