US GDP expands 2.6% in Q3 - Breaking The News

US GDP expands 2.6% in Q3

27 October

1 min read

EPA-EFE/TANNEN MAURY

The gross domestic product (GDP) of the United States grew 2.6% in the third quarter of 2022 compared to the same period in the previous year, according to the "advance" estimate from the Bureau of Economic Analysis published on Thursday. The US economy contracted by 0.6% in the second quarter of 2022.

The price index for gross domestic purchases rose by 4.6% in the third quarter, marking a fall of 3.9 percentage points from the previous trimester. The personal consumption expenditures (PCE) price index climbed 4.2%, representing a quarterly decrease of 3.1 percentage points. Excluding food and energy prices, the PCE price index was up 4.5%, showing a 0.2 percentage points decline from the previous three-month period.

data gdp

Australian services activity expands in April

5 hours ago

The activity in the Australian services sector expanded for the fifteenth time in a row in April, albeit at the slowest pace since February, according to S&P Global's report released on Monday. The seasonally adjusted S&P Global Australia Services PMI Business Activity Index came in at 51.0 in April, above the neutral 50 mark and lower than last month's figure of 51.6. The composite PMI also landed at 51.0 in April. "New business and the level of backlogged work...

US factory orders up by 4.3% in March

2 May

New orders for manufactured goods in the United States observed a monthly rise of 4.3% or $25.7 billion to stand at $618.8 billion in March, the US Census Bureau revealed in its report released on Friday. The figure came in slightly below analysts' expectations.Shipments decreased by 0.1% compared to the previous month to $596.2 billion, while unfilled orders rose by 2% to reach $1,429.4 billion. Inventories climbed by 0.1% to $865.3 billion. Meanwhile, the...

US nonfarm payrolls up by 177,000 in April

2 May

Nonfarm employment in the United States rose by 177,000 in April, surpassing analysts' expectations, the Bureau of Labor Statistics revealed in its report published on Friday. The unemployment rate remained unchanged from the previous month at 4.2%, and the number of unemployed individuals remained around 7.2 million. Health care led job creation with 51,000 new positions, especially in hospitals and outpatient care. Transportation and warehousing saw...

Eurozone's unemployment rate at 6.2% in March

2 May

The eurozone's seasonally adjusted unemployment rate held steady at 6.2% in March 2025, unchanged from February and down from 6.5% a year earlier, according to Eurostat data released on Friday. The unemployment rate remained flat at 5.8% across the European Union. The number of unemployed people reached 10.8 million in the euro area and 12.9 million across the EU. Germany posted one of the lowest rates at 3.5%, while Spain and Greece...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.