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By The Basis Point
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Gdp +2.9%.

Friday, October 28, 2016 8:44
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(Before It's News)

GDP (3rdQ2016)

– Real GDP quarter/quarter seasonally adjusted, annualized +2.9%. Previous was +1.4%
– GDP price index quarter/quarter seasonally adjusted, annualized +1.5%. Previous was +2.3%

In the context of the present weak economic data this is very positive. The last quarterly GDP higher than this was +4.96% in 3rdQ2014.  This is the initial release which has only 2 months of data for all components except consumer spending.

Employment Cost Index (3rdQ2016)

– ECI quarter/quarter +0.6%. Previous was +0.6%
– ECI year/year +2.3%. Previous was +2.3%



Source: http://thebasispoint.com/2016/10/28/gdp-2-9/

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