{"id":9435,"date":"2023-10-27T12:17:58","date_gmt":"2023-10-27T04:17:58","guid":{"rendered":"https:\/\/www.ultimamarkets.com\/?p=5421"},"modified":"2025-07-16T07:58:10","modified_gmt":"2025-07-16T07:58:10","slug":"us-gdp-and-durable-goods-came-in-with-terrific-results","status":"publish","type":"post","link":"https:\/\/www.ultimamarkets.com\/ar\/trade-news\/us-gdp-and-durable-goods-came-in-with-terrific-results\/","title":{"rendered":"US GDP and Durable Goods Came in With Terrific Results"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-10-27T12:17:58+00:00\"><a href=\"https:\/\/www.ultimamarkets.com\/ar\/trade-news\/us-gdp-and-durable-goods-came-in-with-terrific-results\/\">October 27, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years<\/strong>&nbsp;<\/h1>\n\n\n\n<p class=\"has-medium-font-size\">The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter, exceeding the 2.1% growth in the second quarter and economists\u2019 expectations. <a href=\"https:\/\/www.cnn.com\/2023\/10\/26\/economy\/us-economy-third-quarter-gdp\/index.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Strong consumer spending contributed to the growth drive\">Strong consumer spending contributed to the growth drive<\/a>.\u00a0\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Consumer Spending Takes Center Stage<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">Consumer spending experienced a significant increase of 4%, marking the highest growth rate since the fourth quarter of 2021. The uptick surpassed the modest 0.8% increase seen in the second quarter of 2023.&nbsp;&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2023\/10\/1-54.png\" alt=\"U.S. GDP\uff0cU.S. Department of Commerce\" class=\"wp-image-5429\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(U.S. GDP\uff0cU.S. Department of Commerce)<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>U.S. Durable Goods Orders lifted 4.7% MoM in September, Exceeding Expectations<\/strong>\u00a0<\/h2>\n\n\n\n<p class=\"has-medium-font-size\">After contracting by 0.1% in August, new orders for manufactured durable goods in the US increased by 4.7% month over month in September 2023, well above the 1.7% increase that the market had anticipated.&nbsp;&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Transportation Equipment Leads the Charge<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">The standout feature in the durable goods orders report is the resurgence of demand for transportation equipment. Orders for transportation equipment witnessed a remarkable increase of 12.7% in September, a stark contrast to the 1.1% decrease observed in August. This upswing is largely attributed to the heightened demand for civilian aircraft.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2023\/10\/2-46.png\" alt=\"U.S. Durable Goods Orders, U.S. Census Bureau\" class=\"wp-image-5430\" \/><\/figure><\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size\"><em>(U.S. Durable Goods Orders, U.S. Census Bureau)<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">In summary, the most recent U.S. GDP and Durable Goods reports for the third quarter of 2023 have portrayed a bright and hopeful image of the nation&#8217;s economic well-being. Powered by vigorous consumer spending propelling GDP growth and an enduring demand for durable goods, the future appears promising. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">These impressive outcomes underscore that the U.S. economy is following a robust trajectory, laying the groundwork for potential prosperity in the upcoming months.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">As we persist in vigilantly tracking economic developments, it becomes imperative to remain well-informed and adaptable in the face of this ever-evolving landscape. <\/p>\n\n\n\n<p class=\"has-medium-font-size\">This approach equips us to make sound, well-considered choices and seize opportunities within the dynamic economic environment we navigate.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n","protected":false},"excerpt":{"rendered":"<p>U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years&nbsp; The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter, exceeding the 2.1% growth in the second quarter and economists\u2019 expectations. Strong consumer spending contributed to the growth drive.\u00a0\u00a0 Consumer Spending Takes Center Stage Consumer spending experienced [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":5432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[274],"tags":[74],"class_list":["post-9435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-news","tag-us-gdp-and-durable-goods"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US GDP and Durable Goods Came in With Terrific Results - Ultima Markets<\/title>\n<meta name=\"description\" content=\"U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years&nbsp; The U.S. Department of Commerce reported that U.S. GDP grew by 4.9% in the third quarter,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US GDP and Durable Goods Came in With Terrific Results\" \/>\n<meta property=\"og:description\" content=\"U.S. GDP Up 4.9% in 3Q, Fastest Growth in Past Two Years&nbsp; 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