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US Quarterly Services Survey leaves Q3 GDP tracking at 1.8%

Friday, December 11, 2015 3:39 AM UTC

In US, Census Bureau Quarterly Services Survey (QSS) for Q3 15, indicated modestly less spending over services and software than the assumptions in the second estimate of Q3 GDP.

Second estimate of Q3 GDP reported that real services consumption grew 2.2% qoq saar and real private software investment rose 1% qoq saar.

"Together the real consumption growth and the real intellectual property investment's expected downward revisions to 2.9% and -2.4% trimmed our Q3 GDP tracking estimate by one-tenth to 1.8%. Our Q4 GDP tracking estimate remains unchanged at 1.7%", says Barclays in a research note.

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US Quarterly Services Survey leaves Q3 GDP tracking at 1.8%

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