Details of the Q2 2015 US GDP final revision data report 25 September 2015

  • Q2 flash was 2.3% vs 2.5% exp. Q1 0.6%
  • Q2 1st rev was 3.7% vs 3.5% exp
  • Core PCE 1.9% vs 1.8% prior
  • Consumer spending 3.6% vs 3.1% prior
  • Sales final 3.9% vs 3.5% prior
  • Corp profits 2.6% vs 1.3% prior
  • Exports 5.1% vs 5.2% prior
  • Imports 3.0% vs 2.8% prior

A very good revision for GDP. Business and housing investment up nicely too. Inventories were smaller and only added 0.02% to growth rather than 0.22%

US Q2 GDP final breakdown

USDJPY liked the numbers initially and rose to 121.24 but has settled back down to 121.00. These numbers may well be enough to see the buck push on