Gross Domestic Product (GDP): United States

Today’s given signal :

As indicated in the “second” estimate released by the Bureau of Economic Analysis, real gross domestic product (GDP) increased by 5.2 percent in the third quarter of 2023. A 2.1% increase in real GDP was recorded in the second quarter.

Compared to the “advance” estimate issued last month, today’s GDP estimate uses more complete source data. Real GDP rose by 4.9 percent in the advance estimate. Consumer spending was partly offset by a downward revision to non-residential fixed investment and state and local government spending during the update. (Refer to “Updates to GDP” for details). Imports, which are subtracted from GDP, were revised down.

A rise in real GDP was attributed primarily to consumer spending, private inventory investment, exports, state and local government spending, and federal government spending, as well as residential and non-residential fixed investment. Table 2 shows an increase in imports (table 2).

Consumer spending and private inventory investment, along with an upturn in exports, contributed to the third quarter’s acceleration in real GDP, which was partially offset by a decline in non-residential fixed investment. The imports increased.

Compared with the previous estimate (tables 1 and 3), current dollar GDP increased 8.9 percent in the third quarter, or $581.5 billion. you can check the file below.

According to table 4, the price index for gross domestic purchases increased 3.0 percent in the third quarter. In the PCE price index, the increase was 2.8 percent, down 0.1 percentage point from the previous month. Excluding food and energy prices, the PCE price index increased 2.3 percent, a downward revision of 0.1 percentage point.

Corporate profits and gross domestic income

Compared to the second quarter, real gross domestic income (GDI) increased 0.5 percent (revised). According to the second quarter’s revision, real GDP increased 1.3 percent (revised) versus the third quarter’s increase of 3.3 percent (revised).

As compared to the second quarter, corporate profits from current production (profits excluding inventory valuation and capital consumption adjustments) increased $105.7 billion in the third quarter (table 10).

As compared to the second quarter, domestic financial corporations’ profits increased by $18.8 billion in the third quarter. Compared with an increase of $39.0 billion, domestic nonfinancial corporations’ profits increased $76.2 billion. Global profits increased $10.7 billion, compared with $22.1 billion. Payments increased by $6.7 billion in the third quarter, while receipts increased by $17.4 billion.

GDP updates

A downward revision to consumer spending and exports partially offset upward revisions to non-residential fixed investment, government spending, residential investment, and private inventory investment in the second estimate. Imports were revised down.

The second quarter’s wages and salaries have been updated

The Bureau of Labor Statistics Quarterly Census of Employment and Wages program provides updated estimates of wages and salaries in the third quarter as well as personal taxes, and government social insurance contributions for the second quarter. A downward revision of $16.5 billion has been attributed to wages and salaries increasing in the second quarter, bringing the estimate of wages and salaries to $167.8 billion. There has been a downward revision of $2.9 billion in estimates of personal current taxes, resulting in a decrease of $59.8 billion. Government social insurance contributions increased by $20.1 billion, a downward revision of $2.2 billion. These new data have resulted in a revision of 0.2 percentage points to the previously published estimate of real gross domestic income in the second quarter.


On last GDP data (29-11-2023) we predict to SELL XAUUSD as for higher US GDP Data GOLD price was fall.

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