The New York exchanges are Tuesday to register record after the US Commerce Department have revealed that the US economy grew 5% in the third quarter, up from 3.9% to pointing the previous estimate, released about a month.
The final data for the progress of the gross domestic product (GDP) between July and September caused the Dow Jones index exceeded 18,000 points and the S & P 500, which comprises the 50 largest listed in the United States, to move to the 2000 barrier points -. all historical records
The registration of GDP in the third quarter is, too, the best of the last 10 years and seems definitely put back the dramatic impact of the economic and financial crisis that erupted after bankruptcy of Lehman Brothers at the height of collapse generated by toxic loans ( subprime ).
The final amount determined by the Department of Commerce clearly beats the economists panel estimates polled by agency Bloomberg, pointing to a midpoint of 4.3%. Private consumption is the main responsible for the growth achieved, benefiting on the one hand, the strong recovery of the labor market and also by the reduction in fuel prices -. Which increased the purchasing power of families
Other indicators that have an important impact on the calculation of GDP, such as government spending, investment and trade with the outside, recorded moderate growth.
David Berson, chief economist at Nationwide Insurance, recognizes that the US economy is currently “the growth engine of the world”. But, speaking to Bloomberg, says he is convinced that, in the last quarter of the year, the pace of development will be lower, particularly in the area of business investment, especially in terms of the construction sector.
Even in this framework, data released on Tuesday open more room for the Federal Reserve can advance to an increase in key interest rates, after giving as finalized the program quantitative easing of cash injection in the economy.
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