U.S. real GDP growth likely marginally faster during the fall quarter

The Bureau of Economic Analysis is expected to report that real GDP expanded at an annualized clip of 2.5% during the final three months of 2014, three ticks faster than their second estimate but half as fast as the heady pace set during the summer quarter. 

An analysis done by Societe Generale suggests that stepped-up consumer spending attributable to the inclusion of Quarterly Services Survey data will account fully for the anticipated upward adjustment. The final pass at Q4 growth likely will reveal slightly better mixes between final demands and stock-building. 

"Real final sales growth - GDP less the change in private inventories - probably will be marked three ticks higher to 2.4%. Flipping the signs on the external accounts, the growth of real final sales to domestic purchases likely will be boosted from 3.2% to 3.3%, after a 4.1% advance in Q3", says Societe Generale.