USA: growth accelerates in Q2

(CercleFinance.com) - US GDP (gross domestic product) grew at an annualized rate of 3% in the second quarter of 2024, according to the Commerce Department's third estimate, in line with its second reading a month ago.


This growth, a strong acceleration on the 1.6% observed in the previous quarter, was mainly attributable to higher consumer spending, private inventory investment and business investment.

In addition, the PCE price inflation index was confirmed at +2.5% in gross data and +2.8% excluding food and energy prices, levels significantly down on those observed in the previous quarter.

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