Inventories pad U.S. GDP

27 October 2017

 

Usually U.S. GDP figures garner a fair amount of attention but the latest set of GDP figures were released by the U.S. Commerce Department with little in the way of commentary. Third quarter 2017 “advance” estimates of U.S. GDP became public on Friday night Australian time. They indicated U.S. GDP grew at annualised rate of 3.0%, well above the median market estimate of 2.6% but just a little short of...

read full story