Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The US economy accelerated in the second quarter: GDP growth was 3%


August, 29 2024
watermark Economic news

The U.S. Department of Commerce revised economic growth data for the second quarter and reported that GDP grew by 3% year-on-year. Earlier it was reported an increase of 2.8%, which did not meet the expectations of experts. For comparison, GDP growth was 1.4% in the first quarter.


Consumer spending, which accounts for two thirds of U.S. GDP, has become a key driver of growth. They increased by 2.9% (against a preliminary estimate of 2.3%). Government spending also contributed to the growth, which increased by 2.7% (an increase of 3.1% was previously reported). Business investments in fixed assets amounted to 4.6% (in a preliminary estimate — 5.2%).


Exports increased by 1.6% (preliminary estimate — 2%), imports — by 7% (6.9%). US companies showed a 1.7% increase in corporate profits to $2.774 trillion after falling 2.7% a quarter earlier.


There is also a positive trend in inflation. The PCE consumer price index for the second quarter was 2.5% (preliminary data — 3.4%). The core PCE Core index, which does not take into account food and energy prices, increased by 2.8% (the previous estimate was 3.7%).


It is important to note that the data presented is the second estimate of the change in US GDP. The final data for the second quarter will be published on September 26.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.