{"id":198271,"date":"2023-10-26T10:00:00","date_gmt":"2023-10-26T14:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=198271"},"modified":"2023-10-26T13:04:16","modified_gmt":"2023-10-26T17:04:16","slug":"us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/","title":{"rendered":"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations"},"content":{"rendered":"\n<p>The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023, as revealed by advance estimates released on Thursday by the Bureau of Economic Analysis. This exceeded the economist projected&nbsp;<a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/23\/10\/35420754\/us-q3-gdp-preview-heres-what-goldman-sachs-atlanta-fed-expect\" target=\"_blank\" rel=\"noreferrer noopener\">growth rate of 4.3%.<\/a><\/p>\n\n\n\n<p>When excluding the post-pandemic period, the rate of economic growth in the last quarter was some of the strongest in the last decade.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-q3-gdp-key-highlights\">US Q3 GDP: Key Highlights<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The U.S. gross domestic product (GDP) surged by 4.9% at a quarter-on-quarter annualized rate in the third quarter of 2023, showing a significant acceleration from the 2.1% growth observed in the second quarter. This figure notably exceeded economists\u2019 expectations of 4.3%.<\/li>\n\n\n\n<li>This growth rate is the highest since the second quarter of 2014 and well above the pre-pandemic decade\u2019s average of 2.35%.<\/li>\n\n\n\n<li>The primary driver of this growth was consumer spending, which exhibited a remarkable 4% growth rate during the quarter, a substantial improvement from the 0.8% growth seen in the second quarter.<\/li>\n\n\n\n<li>The Personal Consumption Expenditures (PCE) price index increased by 2.9%, up from the previous 2.5%. When excluding food and energy prices, the PCE price index also rose, registering a 2.4% increase, but down from the prior 3.5%.<\/li>\n<\/ul>\n\n\n\n<p>Immediately after the release, the U.S. dollar (DXY) index experienced a significant 0.2% upswing.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 26, 2023 &#8211; <a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/23\/10\/35438027\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\">US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.<\/p>\n","protected":false},"author":1128,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,6,8,9,26,3],"tags":[267,9362,527,1685],"contributors-categories":[13584],"class_list":{"0":"post-198271","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-macro","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-text-articles","11":"category-traders-insight","12":"tag-earnings","13":"tag-economic-outlook","14":"tag-gdp","15":"tag-macro","16":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations<\/title>\n<meta name=\"description\" content=\"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198271\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-26T14:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-26T17:04:16+00:00\" \/>\n<meta name=\"author\" content=\"Piero Cingari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Piero Cingari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"NewsArticle\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Piero Cingari\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\"\n\t            },\n\t            \"headline\": \"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations\",\n\t            \"datePublished\": \"2023-10-26T14:00:00+00:00\",\n\t            \"dateModified\": \"2023-10-26T17:04:16+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/\"\n\t            },\n\t            \"wordCount\": 227,\n\t            \"commentCount\": 1,\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"keywords\": [\n\t                \"earnings\",\n\t                \"economic outlook\",\n\t                \"gdp\",\n\t                \"macro\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/\",\n\t            \"name\": \"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations | IBKR Campus US\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t            },\n\t            \"datePublished\": \"2023-10-26T14:00:00+00:00\",\n\t            \"dateModified\": \"2023-10-26T17:04:16+00:00\",\n\t            \"description\": \"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/macro\\\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus US\",\n\t            \"description\": \"Financial Education from Interactive Brokers\",\n\t            \"publisher\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t            },\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Organization\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t            \"name\": \"Interactive Brokers\",\n\t            \"alternateName\": \"IBKR\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t            \"logo\": {\n\t                \"@type\": \"ImageObject\",\n\t                \"inLanguage\": \"en-US\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t                \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t                \"width\": 669,\n\t                \"height\": 669,\n\t                \"caption\": \"Interactive Brokers\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t            },\n\t            \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t            \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/2e1deb46bf9913df17d7a772edadc24b\",\n\t            \"name\": \"Piero Cingari\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/piero-cingari\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations","description":"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198271\/","og_locale":"en_US","og_type":"article","og_title":"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations | IBKR Campus US","og_description":"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/","og_site_name":"IBKR Campus US","article_published_time":"2023-10-26T14:00:00+00:00","article_modified_time":"2023-10-26T17:04:16+00:00","author":"Piero Cingari","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Piero Cingari","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/"},"author":{"name":"Piero Cingari","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b"},"headline":"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations","datePublished":"2023-10-26T14:00:00+00:00","dateModified":"2023-10-26T17:04:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/"},"wordCount":227,"commentCount":1,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"keywords":["earnings","economic outlook","gdp","macro"],"articleSection":["Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/","name":"US GDP Expands 4.9% In Q3: Strong Household Consumption Beats Expectations | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"datePublished":"2023-10-26T14:00:00+00:00","dateModified":"2023-10-26T17:04:16+00:00","description":"The U.S. economy outperformed expectations by recording a robust 4.9% growth rate in the third quarter of 2023.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/us-gdp-expands-4-9-in-q3-strong-household-consumption-beats-expectations\/"]}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/2e1deb46bf9913df17d7a772edadc24b","name":"Piero Cingari","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/piero-cingari\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/198271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/1128"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=198271"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/198271\/revisions"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=198271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=198271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=198271"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=198271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}