Total spending went up 0.6% m/m. Overall, total consumer spending increased 1.9% in 3-month average terms and 6.5% over the past 12 months.
Report
October 31, 2016
US Economic Update: 2016 Q3 GDP
US GDP growth accelerated in the September quarter to its fastest pace in two years.
Key Points:
- US GDP growth accelerated in the September quarter to its fastest pace in two years.
- However, the details were not as positive.
- Overall, the September quarter GDP outcome suggests that the US economy remains solid, with GDP growing at a moderate pace.
For further details please see the attached document:
