Thursday, December 5, 2013

US Growth In Q3 Exceeds Expectations

Economists anticipated a growth rate of 3.1%.  The current estimation of a 3.8% growth rate exceeds expectations, but almost all of the difference in the growth rate was due to an unplanned build up in inventories.  That will have an effect on the Q4 forecast which has been reduced below 2%. The assumption is that businesses will have to cut production in order to reduce unplanned inventory increases.

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