Total spending grew 0.9% in June.
November 13, 2015
United States Economic Update – November 2015
There is still solid underlying momentum in the economy despite the slowdown in U.S. GDP growth in the September quarter.
Summary
- There is still solid underlying momentum in the economy despite the slowdown in U.S. GDP growth in the September quarter. Moderate GDP growth is expected to continue.
- The likelihood of a fed funds rate hike in December has increased. Subsequent hikes will be gradual.
- Manufacturing continues to struggle, due to dollar apprecation and, more recently, an inventory correction.
For further details please see the attached document.
US Economic Update – 12 November 2015 (PDF, 306KB)
