BREAKING: US GDP for Q3 revised higher. USDIDX gains

14:42 29 November 2023

1:30 PM GMT -  US Q3 GDP revision

  • GDP (annualized): 5.2% vs 4.9% previously
  • GDP Deflator. 3.6% vs 3.5% previously
  • US GDP Price Index: 3.6% vs 3.5% previously
  • US Core PCE: 2.3% vs 2.4% previously
  • US Consumers spending: 3.6% vs 4.0% previously
  • US Wholesale inventories: -0.2% vs 0.2% previously
  • US Advance Goods Trade Balance: -$89.84 billion (flat q/q)
  • US Real Inventories (Ex-Auto): -0.9% vs 0.4% previously

US prelim Q3 PCE services price index ex-energy/housing: 3.4% vs 3.6% previously

US prelim Q3 PCE price index ex-food/energy/housing: 1.6% vs +1.8% previously

In first reaction strong GDP reading supported US dollar, weakening Wall Street sentiments slighlty. 

Source: xStation5

Source: XTB Research, US Bureau of Economic Analysis, Conference Board, Macrobond

Source: XTB Research, US Bureau of Economic Analysis, Conference Board, Macrobond

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