Monday, October 9, 2017

Growth of US economy cools down

The growth of the US economy cools down, as companies hold back production

In the third quarter
US economy grew more
slower pace than economists expected
(Although they were very close to their
forecasts), company and capture the moment,
while increasing consumer and business spending,
to get rid of excess inventory
their products.


According to the Ministry
US Department of Commerce, GDP in the third quarter
annual terms increased by 1.5%, while
on average, analysts called the numbers
from 1.6% to 1.8%. Excluding the largest "rocking" indicator due to an excess of goods over the past four
year growth was at around
3% - compared with 3.9% in the previous three
months.


Purchases of household,
support the growth of jobs and
wages are likely to continue
support the largest economy
the world, despite the decline in demand
on the part of foreign customers, which
on the contrary, hinder exports and
production. The rapid change in the balance
certain stocks of goods held
during the festive season - economists
I hope that helps during the holidays
stabilize production at factories.


"This number is greater,
than it looks - said Stuart Hoffman,
chief economist at PNC Financial Services Group Inc. at
Pittsburgh. - In the fourth quarter
economic growth should be higher due to the holiday season, a good
home sales and an increase in consumer
expenses".


If we evaluate the growth in
Overall, the US economy grew
an average of 2.3% in the first half, and
made in 3.9% of powerful "jump" in the second
quarter as if to compensate for the decline in
the first quarter caused by "cold
weather, strikes in the ports and fall
energy sector "- the reasons
always referred to as a set. In past
GDP grew by 2.4%.


In addition to the report on GDP,
Today in the United States as the data released by
Department of Labor on the number of applications
on the dole. this indicator
grew by 1 thousand -. to 260 thousand applications.
last week. A Ministry of Commerce
estimated growth in real consumer
3.2% of costs (the forecast of 3.3%) in the third
quarter. Recall that at the household
purchases account for almost 70% of the economy
countries. In the previous three months, growth
Real consumer spending
It was 3.6%.



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