FOREX TradingCharts.com

Financial News: U.S. GDP Growth Unexpectedly Upwardly Revised To 3.1%

U.S. GDP Growth Unexpectedly Upwardly Revised To 3.1% In Q2

09/28/2017 - 09:15:00 (RTTNews)

(RTTNews) - Economic activity in the U.S. increased by slightly more than previously estimated in the second quarter, the Commerce Department revealed in a report on Thursday.

The report said gross domestic product jumped by 3.1 percent in the second quarter compared to the previously estimated 3.0 percent growth. Economists had expected the pace of GDP growth to be unrevised.

The stronger than previously estimated GDP growth primarily reflected an upward revision to private inventory investment.

However, the Commerce Department said the general picture of economic growth in the second quarter remains the same.

With the upward revision, the GDP growth seen in the second quarter is notably faster than the 1.2 increase in the first quarter.

The acceleration reflected an upturn in private inventory investment, an acceleration in consumer spending, a deceleration in imports, and an upturn in federal government spending.

Meanwhile, the faster GDP growth was partly limited by a downturn in residential fixed investment, a deceleration in exports, and a downturn in state and local government spending.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Existing Home Sales Unexpectedly Rebound In September (04 hr(s), 57 min(s), 12 sec(s) ago)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story»

Bank Of Italy Estimates Q3 Growth At 0.5% (05 hr(s), 03 min(s), 12 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Italy Sees Q3 Growth Of 0.5% (05 hr(s), 04 min(s), 12 sec(s) ago)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story»

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period (05 hr(s), 18 min(s), 12 sec(s) ago)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story»

UK Logs Decade Low Budget Deficit For September (06 hr(s), 48 min(s), 12 sec(s) ago)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story»

Italy's Current Account Surplus Rises In August (08 hr(s), 07 min(s), 12 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in August from the previous year, the Ba ...Full Story»

Latvia Producer Price Inflation Unchanged (08 hr(s), 10 min(s), 12 sec(s) ago)
(RTTNews) - Latvia's producer price inflation was unchanged in September, as an acceleration i ...Full Story»

BoJ Chief Says Economy Well Balanced By External, Domestic Demand (08 hr(s), 40 min(s), 12 sec(s) ago)
(RTTNews) - The Japan economy has been well-balanced by both external and domestic demand, Bank of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Unexpectedly Rebound In September

10/20/2017 - 10:21 AM (RTTNews)
(RTTNews) - After reporting U.S. existing home sales at their lowest level in a year in the previo ...Full Story>>

Bank Of Italy Estimates Q3 Growth At 0.5%

10/20/2017 - 10:15 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Italy Sees Q3 Growth Of 0.5%

10/20/2017 - 10:14 AM (RTTNews)
(RTTNews) - Italy's economic growth improved slightly in the third quarter, led by strong perf ...Full Story>>

Bank Of Korea Likely To Keep Rates Low For A Prolonged Period

10/20/2017 - 10:00 AM (RTTNews)
(RTTNews) - The Bank of Korea is likely to keep the policy rate at 1.25 percent not just for the r ...Full Story>>

UK Logs Decade Low Budget Deficit For September

10/20/2017 - 08:30 AM (RTTNews)
(RTTNews) - The UK budget posted the smallest budget deficit in a decade for the month of Septembe ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.