Economy rebounds strongly in the third quarter at a rate of 33.1%, higher than the 31% expected

9

Get real time updates directly on you device, subscribe now.

The first reading of US GDP growth for the third quarter. showed a strong rebound in the economy, at an annualized rate of 33.1%, beating the market consensus which was by 31%. The rebound shows record growth after the contraction record of the second quarter of 31.4%.

The GDP price index it was 3.7% in the third quarter, higher than the 2.8% expected. In the second quarter it had been -2.8%. He personal consumption had a rise of 40.7%.

The weekly report of requests for unemployment benefits. In minutes the decision of the European Central Bank (BCE) and later, at 14:00 GMT will come out the pending home sales figures for September.

The dollar it did not register variations after the reports and continued to consolidate gains throughout the market, supported by risk aversion.

.

Credits: Forex Street

Get real time updates directly on you device, subscribe now.