United States

摘要

Real GDP growth held broadly steady at 2.1% (annualised) in Q3, following the slowdown to 2.0% in Q2, but this masked diverging trends across subsectors. Consumer spending grew a still-strong 3 2%, while business investment contracted 2.3% - the first back-to-back fall in capital spending since 2016. Trade and inventories also dragged slightly on growth, while residential investment surprised somewhat on the upside with a 4.6% surge following six quarters of contraction.