Quotes from Capital Economics:
-The final estimate of third-quarter US GDP growth and November’s durable goods data do little to change our view that the outlook remains rosy going into 2015.
-Growth won’t be quite as strong in the fourth quarter. Indeed, November’s durable goods orders figures suggest that business investment has slowed significantly, from 11.0% in the third quarter. What’s more, the 0.2% m/m rise in capital goods shipments (ex. aircraft and defence), suggests that business investment in equipment will be broadly unchanged in the fourth quarter.
-Nonetheless, we still expect fourth quarter GDP growth to be around 3.0%, largely due to another decent rise in consumption.
The material has been provided by InstaForex Company – www.instaforex.com