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The US economy maintained its good trajectory in the third quarter thanks to significant business investment. According to data released by the Ministry of Commerce, quarterly growth data was not revised and was 3.5%.
Expectations were 3.5% growth. Consumer spending, which accounts for about 70% of the economy, rose from 4% to 3.6% and forecasts to 3.9%. In the third quarter, core PCE increased 1.5% qoq. The wait was 1.6%.
Corporate income before tax increased by 10.3% in 12 months and was the largest increase in six years.
The economy, which grew 4.2% from April to June, had the best quarterly periods since 2014. However, growth should be moderate over the last quarter.
The ongoing trade wars with China, the global demand that has cooled, borrowing costs on the rise, as well as forecasts for the reduction of Trump 's tax cuts l & # 39; Next year are the risks associated with the outlook.
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