{"id":5421,"date":"2023-10-27T12:17:58","date_gmt":"2023-10-27T04:17:58","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5421"},"modified":"2023-10-27T12:17:58","modified_gmt":"2023-10-27T04:17:58","slug":"us-gdp-and-durable-goods-came-in-with-terrific-results","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/us-gdp-and-durable-goods-came-in-with-terrific-results\/","title":{"rendered":"US GDP and Durable Goods Came in With Terrific Results"},"content":{"rendered":"
<\/div>\n\n\n\n

U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years<\/strong> <\/h1>\n\n\n\n

The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter, exceeding the 2.1% growth in the second quarter and economists\u2019 expectations. Strong consumer spending contributed to the growth drive<\/a>.\u00a0\u00a0<\/p>\n\n\n\n

<\/div>\n\n\n\n

Consumer Spending Takes Center Stage<\/strong><\/h2>\n\n\n\n

Consumer spending experienced a significant increase of 4%, marking the highest growth rate since the fourth quarter of 2021. The uptick surpassed the modest 0.8% increase seen in the second quarter of 2023.  <\/p>\n\n\n

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\"U.S.<\/figure>\n<\/div>\n\n\n

(U.S. GDP\uff0cU.S. Department of Commerce)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

U.S. Durable Goods Orders lifted 4.7% MoM in September, Exceeding Expectations<\/strong>\u00a0<\/h2>\n\n\n\n

After contracting by 0.1% in August, new orders for manufactured durable goods in the US increased by 4.7% month over month in September 2023, well above the 1.7% increase that the market had anticipated.  <\/p>\n\n\n\n

<\/div>\n\n\n\n

Transportation Equipment Leads the Charge<\/strong><\/h2>\n\n\n\n

The standout feature in the durable goods orders report is the resurgence of demand for transportation equipment. Orders for transportation equipment witnessed a remarkable increase of 12.7% in September, a stark contrast to the 1.1% decrease observed in August. This upswing is largely attributed to the heightened demand for civilian aircraft.<\/p>\n\n\n

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\"U.S.<\/figure>\n<\/div>\n\n\n

(U.S. Durable Goods Orders, U.S. Census Bureau)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

Conclusion<\/strong><\/h2>\n\n\n\n

In summary, the most recent U.S. GDP and Durable Goods reports for the third quarter of 2023 have portrayed a bright and hopeful image of the nation’s economic well-being. Powered by vigorous consumer spending propelling GDP growth and an enduring demand for durable goods, the future appears promising. <\/p>\n\n\n\n

These impressive outcomes underscore that the U.S. economy is following a robust trajectory, laying the groundwork for potential prosperity in the upcoming months.<\/p>\n\n\n\n

As we persist in vigilantly tracking economic developments, it becomes imperative to remain well-informed and adaptable in the face of this ever-evolving landscape. <\/p>\n\n\n\n

This approach equips us to make sound, well-considered choices and seize opportunities within the dynamic economic environment we navigate.<\/p>\n\n\n\n

<\/div>\n\n\n\n\n\n
<\/div>\n\n\n","protected":false},"excerpt":{"rendered":"

U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years  The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter, exceeding the 2.1% growth in the second quarter and economists\u2019 expectations. Strong consumer spending contributed to the growth drive.\u00a0\u00a0 Consumer Spending Takes Center Stage Consumer spending experienced […]<\/p>\n","protected":false},"author":13,"featured_media":5432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2,61,3],"tags":[161],"class_list":["post-5421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-market_outlook","category-latest","tag-us-gdp-and-durable-goods"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=5421"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/5421\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=5421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=5421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=5421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}