US Q4 advance GDP +3.3% vs +2.0% expected

<ul><li>Final Q3 <a href="https://www.forexlive.com/news/us-q3-2023-gdp-third-reading-49-vs-52-expected-20231221/" target="_blank" rel="follow">reading </a>was +4.9% annualized</li><li>Q2 was +2.1% annualized</li></ul><p>Details:</p><ul><li>Consumer spending 2.8% vs +3.1% prior</li><li>Consumer spending on durables % vs +6.7% prior</li><li>GDP final sales +3.2% vs +3.6% prior</li><li>GDP deflator 1.5% vs +2.3% expected (+3.3% prior)</li><li>Core PCE +2.0% vs +2.0% expected (+2.0% prior)</li><li>Business investment % vs +5.2% prior</li></ul><p>Percentage point changes:</p><ul><li>Net trade pp vs +0.03 pp prior </li><li>Inventories pp vs +1.27 pp prior</li><li>Govt pp vs +0.94 pp prior</li></ul><p>The final Atlanta Fed tracker was +2.4%.</p>

This article was written by Adam Button at www.forexlive.com.