Total spending grew 1.2% m/m in May
Insight
October 30, 2015
US Economic Update – US GDP Q3 2015
U.S. GDP growth slowed in the September quarter to a rate of 0.4% qoq (1.5% annualised).
- U.S. GDP growth slowed in the September quarter to a rate of 0.4% qoq (1.5% annualised).
- The details were more positive and there appears to be still solid underlying momentum in the economy.
- We have lowered our forecast slightly for 2015 – to 2.4% from 2.5%.
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