01:30 PM BST, United States - GDP data:
- GDP (Q2): actual 3.0% QoQ; forecast 3.0% QoQ; previous 3.0% QoQ;
- GDP Price Index (Q2): actual 2.5% QoQ; forecast 2.5% QoQ; previous 2.5% QoQ;
- GDP Sales (Q2): actual 1.9%; forecast 2.2%; previous 2.2%;
- Core PCE Prices (Q2): actual 2.80%; forecast 2.80%; previous 2.80%;
- PCE Prices (Q2): actual 2.5%; forecast 2.5%; previous 2.5%;
- Real Consumer Spending (Q2): actual 2.8%; forecast 2.9%; previous 2.9%;
In Q2 2024, the U.S. real GDP grew at an annualized rate of 3.0%, up from 1.6% in Q1, driven by increases in consumer spending, private inventory investment, and nonresidential fixed investment. Current-dollar GDP rose 5.6% to $29.02 trillion. Personal income saw significant gains, with disposable income up 5.0%. Real gross domestic income (GDI) increased by 3.4%, while corporate profits rose $132.5 billion, reflecting strong performance in nonfinancial corporations despite a slight decline in financial sector profits.
The final data for the last quarter turn out to be even better than expected with no indication of a potential slowdown. Following the publication, the dollar strengthens slightly against the euro. However, the dollar index continues to remain in negative territory on a daily basis.
ملخص يومي - ارتفاع وول ستريت مدفوعًا بوعود باول
ميران، عضو مجلس الاحتياطي الفيدرالي، يُشير إلى خفضين إضافيين لأسعار الفائدة هذا العام وعملية انكماشية
إدراج أسهم إليك القابضة في سوق دبي المالي
السعودية تستهدف أن يكون 50 % من الناتج المحلي غير النفطي مصدره الصادرات
