Market Review, November 2010

Publication Date: 

November 2010

Summary: 

The U.S. real GDP grew at an annual rate of 2.5% in the third quarter according to the revised (second) estimate. This is higher than the initial estimate of 2% and slightly above the consensus of 2.4%. This falls within our expectations of a soft recovery (VCG – Outlook – Third Quarter 2010). The increase can be primarily attributed to an upward revision in consumer spending, net exports and federal government spending. The second quarter GDP grew at 1.72%.