Economic Update October 2017
The US economy continues to perform well as we move into the last quarter of 2017, building on momentum from the June quarter as the third estimate of GDP growth was again revised higher, up 0.1pp, to 3.1%yoy saar. This growth remains heavily reliant
on the US household sector that contributed 1.9pp to the 2.2%yoy rate of growth in real GDP. However, pleasingly, private investment also made a solid contribution through the year and is set to improve further...
US: ISM manufacturing and real GDP growth. ISM indexes point to growth upside. Source: IFM Investors, ISM, Bloomberg.