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1.Market Observations, 8.Was Sticky

30 Oct 2017 (AFR) – US economic growth: too much of a good thing?

(30 October 2017, AFR, p22, by Patrick Commins)

‘After a week of barnstorming US economic data, investors may begin to worry that it’s possible to have too much of a good thing. The world’s biggest economy expanded at an annualised rate of 3 per cent over the September quarter, official data released on Friday night showed. The preliminary GDP figures…’ <snipped…>

Citi’s US economic surprise index jumped from barely positive a week earlier to…’ <snipped…>

‘… the Institute for Supply Management manufacturing index, reached 60.8 for September, the highest level since 2004 and only the third time since 1987 that it has surpassed 60 points. The third-quarter GDP growth figure of 3 per cent followed a 3.1 per cent gain over the…’

Read the full article at AFR.com (might need AFR login access, or try: AFR.com/trial)

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