Q3 GDP Revised Up To 2.5%

The number:

Q3 GDP revised from 2.0% to 2.5%, which is just ahead of expectations of 2.4%.

Markets not doing a whole lot on the news.

What’s interesting is that it wasn’t just inventories… both final sales and consumption were revised higher as well.


Background: This is the first revision to Q3 GDP, which originally came in at 2.0%. Analysts are actually expecting an upward revision to 2.4%, which is counter to the trend of GDP getting revised lower over time. We’ve seen some estimates going as high as 2.7%. That being said, a good chunk could be the much-maligned inventory effect (it’s been revised higher in subsequent reports). Unless it’s a wild miss in some direction, this might not make too much of a splash in light of all the other news today.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.