US Q4 final GDP +2.4% vs +2.3% expected ...Middle East

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US Q4 final GDP +2.4% vs +2.3% expected

Details:

Advance Q4 GDP reading was +2.3%Second reading was +2.3%Q3 GDP was +2.8%Final sales 3.3% vs +3.2% second readingConsumer spending 4.0% vs +4.2% second reading

Inflation numbers:

    GDP deflator 2.3% vs +2.4% second readingCore PCE 2.6% vs +2.7% second readingPCE prices final 2.4% vs +2.4% second readingPCE service excluding energy and housing 3.5% vs 3.5% in second reading

    Contributors and subtractors:

    Consumption: +2.70% vs +2.79% advanceGovernment: +0.52% vs +0.49% advanceNet International trade: +0.26% vs +0.12% advanceInventories: -0.84% vs -0.81% advance

    These are some small moves around the edges.

    This article was written by Adam Button at www.forexlive.com.

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