U.S. GDP Little Changed — 2% Growth in Q3

The BEA released U.S. GDP (third and final estimate) for Q3 2015: The growth rate reached 2% – 0.1 pp higher than market expectations. In the second estimate the GDP growth rate was 2.1%. And in Q2, the GDP grew by 3.9%. The growth in GDP came from rising personal consumption and government spending. Albeit there was a deceleration in exports, investments and government spending. And as the USD continues to strengthen, exports are likely to keep suffering. All awhile imports improve – albeit this will only further drag down the growth rate of the U.S. GDP. It’s also important to note that during Q3, there was also a deceleration in imports. So perhaps the slower appreciation rate of the USD has also helped curb the growth in imports.

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