Key points:

• The US economy continues to perform solidly. While GDP growth has been modest, jobs growth remains solid and inflation is edging up.

• There are signs that consumption growth is starting to moderate but at the same time business investment indicators are showing signs of life.

• The Fed remains on track to increase rates in December.

For further details please see the attached document

• US Economic Update: October 2016 (PDF,134kb)

More from NAB:

• China Economic Update: October 2016
• NAB’s world on two pages: October 2016
• NAB Business Research and Insights