The growth rate of GDP = Gross Domestic Product in the United States from July to September was 2.6% on an annual basis, the first positive in three quarters.
On the 27th, the US Department of Commerce announced preliminary figures for GDP from July to last month, and the real growth rate compared to the previous three months was +2.6% in annual terms.
GDP has been negative for two consecutive
quarters, minus 1.6% from January
to March and minus 0.6% from April to June,
but this time it has been positive for the first time in three quarters.
This is a confirmation of the solidity of the US economy.
GDP was boosted mainly by exports growing to 14.4% from 13.8% in the previous quarter, and government spending rebounding sharply from -1.6% in the previous quarter to +2.4%. .
Of these, exports were a factor in the temporary decline in the trade deficit during this period.
Private consumption, which accounts for the bulk of GDP, slowed to 1.4% from 2% in the previous quarter.
In addition, housing investment expanded its negative range from 17.8% to -26.4%.
Some point out that the current GDP is largely supported by exports and government spending, masking the actual weakness of the economy.
The Fed, the central bank, continues to hike interest rates sharply to keep record inflation in check. How far will the negative impact on the economy spread going forward, and how will the Fed judge the pace of rate hikes? becomes the focus.