US: Real GDP grows at an annual rate of 5.2% in Q3 vs 5.0% expected

• The US economy grew at an annual rate of 5.2% in Q3; revised from 4.9%.
• The US Dollar Index stays in positive territory around 102.80.

The real Gross Domestic Product (GDP) of the United States expanded at an annual rate of 5.2% in the third quarter, the US Bureau of Economic Analysis' (BEA) preliminary estimate showed on Wednesday. This reading came in above expectations of 5.0% and above the previous estimate of 4.9%. 

“The update primarily reflected upward revisions to nonresidential fixed investment and state and local government spending that were partly offset by a downward revision to consumer spending. Imports, which are a subtraction in the calculation of GDP, were revised down,” the BEA said.

Market reaction

The US Dollar stays on positive ground with the DXY up by 0.10%, hovering around 102.80, rebounding from monthly lows.