USA: growth estimated at 2.8% in Q3

(CercleFinance.com) - US GDP (gross domestic product) grew at an annualized rate of 2.
8% in the third quarter of 2024, according to the Commerce Department's very first estimate, a slight slowdown on the 3% figure for the second quarter.

This growth was mainly attributable to higher consumer spending, exports and federal public spending, while imports, which are a subtraction in the calculation of GDP, increased.

In addition, the PCE price inflation index was estimated at +1.5% unadjusted and +2.2% excluding food and energy, significantly down on the previous quarter's levels of +2.5% and +2.8% respectively.

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