The U.S economy released this morning its final reading of the GDP regarding 2010's third quarter where figures varied from prior readings but all fell below estimates.
Gross Domestic Product rose by 2.6% upgraded from the prior reading of 2.5% yet lower than the estimated 2.8% increase. The GDP price index climbed by 2.1% falling from the prior reading of 2.3% while markets expected the reading to remain unchanged.
The report showed that Core PCE climbed by 0.5% versus the prior reading of 0.8% while markets expected the reading to remain unchanged. Personal Consumption climbed by 2.4% downgraded from the prior reading of 2.8% and below the markets estimates of 2.9%.