U.S. GDP -0.3% in third quarter

The GDP of the U.S. third quarter registered a contraction of 0.3%. The figure announced by the Department of Commerce, however, is better than the expectations of analysts who had predicted a decline of 0.5%. Private consumption, in the same timeframe, have registered a stop of 3.1%, the largest since 1980.

Increasing prices. Side inflationary pressure, prices (chain prices) were equal to +4.2% from +1.1% the previous quarter, helped by a rebound in energy prices and other raw materials. The implicit deflator of GDP, excluding food and energy, is in fact increased to 2.9% from previous 2.2%. Contraction in the final sales (-0.8%).

Building applications for unemployment. The Labor Department has reported that new applications for unemployment benefits in the United States have remained stable last week at 479mila. The figure is higher than the forecasts of analysts who had expected a decline to share 475mila. The moving average is four weeks fell by 5 thousand units at 475,500 new requests while the total number of subsidies is less 12mila units at 3.71 million.

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