Higher than expected growth in the US in the third quarter

The US economy Preliminary figures from the US Department of Commerce have shown slightly higher growth than expected in the third quarter. According to a Reuters analyst report, growth has been established at 3.5% over one year, compared with 3.3% expected.

There has been a slowdown since the second quarter, when growth was not provided at 4.2%. Normally, US growth declines between the second and third quarters.

Private consumption has increased 4% in the quarter, the largest quarterly increase of more than four years, a contribution to GDP of almost 2.7 percentage points. However, foreign trade contributed to downward pressure as exports fell and imports increased. The net trade deficit amounted to $ 939 billion or 11,020 billion Swedish kronor.

The private consumer price index, PCE, rose 1.6% in the third quarter. The nuclear PCE increased evenly, reaching 1.8% expected, according to Reuters.

Public consumption increased by 3.3% while defense spending increased by 4.6%.

Gross fixed capital formation decreased by 0.3%. Investment in housing fell by 4%, while investment in equipment fell by 0.4%.