FXstret.com (Barcelona) - United States Gross Domestic Product has increased larger than previously estimated, in the third quarter of 2007, and substantially higher than in the previous quarter, according to data released by the Commerce Department.
US GDP has increased 4.9% in the third quarter of 2007, above the 3.9% initial estimation, pushed by positive contributions in exports, personal consumption expenditures (PCE), private inventory investment, equipment and
software, federal government spending, non-residential structures, and state and local government spending , partially offset by a negative contribution from residential fixed investment.
The Prices Index for Gross Domestic Purchases, which measures prices paid by U.S. residents,
increased 1.6 percent in the third quarter, the same advance as it was estimated in the preliminary. Excluding food and energy, GDP prices index increased 1.7%.