Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
21 Dec 2023

US Real GDP grows at an annual rate of 4.9% in Q3

  • The US economy grew at an annual rate of 4.9% in Q3, revised from 5.2%. 
  • The US Dollar Index remains in negative territory, struggling to hold above 102.00.

The real Gross Domestic Product (GDP) of the United States expanded at an annual rate of 4.9% in the third quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday. This reading came below the the previous estimate and the market expectation of 5.2%.

“The update primarily reflected a downward revision to consumer spending. Imports, which are a subtraction in the calculation of GDP, were revised down”, the BEA said.

“Compared to the second quarter, the acceleration in real GDP in the third quarter primarily reflected an upturn in exports and accelerations in consumer spending and private inventory investment that were partly offset by a deceleration in nonresidential fixed investment”, the publication read. 

The price index for gross domestic purchases increased 2.9% in the third quarter, a downward revision of 0.1 percentage point from the previous estimate. The Personal Consumption Expenditures (PCE) Price Index increased 2.6% percent, a downward revision of 0.2 percentage point. Excluding food and energy prices, the PCE Price Index increased 2.0%, a downward revision of 0.3 percentage point.

Market reaction

The US Dollar Index (DXY) declined following the release of US economic data that included the new GDP reading, Jobless Claims data, and the Philly Fed. The DXY dropped below 102.00. 
 

Dec 21, 2023

US weekly Initial Jobless Claims rise to 205K vs. 215K expected

There were 205,000 initial jobless claims in the week ending December 16, the weekly data published by the US Department of Labor (DOL) showed on Thursday.
Read more Previous
Dec 21, 2023

US Dollar Index: Broader price trends still lean bearish – Scotiabank

USD retains a weak undertone. Economists at Scotiabank analyze Greenback’s outlook.
Read more Next