According to our analysis USDJPY and EURUSD moved 52 pips on US Gross Domestic Product (GDP) data on 21 December 2023.
USDJPY (39 pips)
EURUSD (13 pips)
Charts are exported from JForex (Dukascopy).
The third estimate of the U.S. Gross Domestic Product (GDP) for the third quarter of 2023, released by the Bureau of Economic Analysis, reveals several key economic trends:
Real GDP Growth: There was a 4.9% annual increase in real GDP, slightly lower than the previously estimated 5.2%. This revision mainly reflects a decrease in consumer spending.
Current-dollar GDP: Increased by 8.3%, reaching $27.61 trillion, with a minor downward revision from the prior estimate.
GDP by Industry: Growth was seen across various sectors, with private goods-producing industries rising 10.2%, private services-producing industries 4.1%, and government 2.0%. Fourteen out of 22 industry groups contributed to this growth.
Inflation Indicators: The price index for gross domestic purchases went up by 2.9%, while the personal consumption expenditures (PCE) price index increased by 2.6%. Excluding food and energy, the PCE price index rose by 2.0%.
Personal Income and Savings: There was a notable increase in current-dollar personal income and a 2.9% rise in disposable personal income. The personal saving rate was revised upwards to 4.2%.
Corporate Profits: Profits from current production rose by $108.7 billion, with increases in both financial and nonfinancial corporate sectors.
This report provides a comprehensive view of the U.S. economy's performance, indicating sustained growth with adjustments in consumer spending and corporate profits.
Start futures forex fx news trading with Haawks G4A low latency machine-readable data, one of the fastest machine-readable news trading feeds for US economic and commodity data.
Please let us know your feedback. If you are interested in timestamps, please send us an email to sales@haawks.com.