Data released today (Friday) shows a rise in the Advance GDP numbers, as shown on the graph below.
There was also a rise in the Advance GDP Price Index numbers, as shown on the graph below.
This link to the details of the GDP released by the U.S. Department of Commerce Bureau of Economic Analysis says that: "The acceleration in real GDP in the third quarter primarily reflected an upturn in federal government spending, a downturn in imports, an acceleration in PCE, a smaller decrease in private inventory investment, an acceleration in residential fixed investment, and a smaller decrease in state and local government spending that were partly offset by downturns in exports and in nonresidential fixed investment."
This Tweet by Bloomberg's Economics Editor summarizes the above:
Welcome and thank you for visiting!
The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.
DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Jan. 13 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Jan. 13 @ 2:00 pm ET ~ Beige Book Report
* Fri. Jan. 15 @ 8:30 am ET ~ Retail Sales Report & Core Retail Sales Report
* Wed. Jan. 27 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Feb. 5 @ 8:30 am ET ~ Employment Data
* Wed. Feb. 17 @ 2:00 pm ET ~ FOMC Meeting Minutes
*** Click here for link to Economic Calendars for all upcoming events