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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El PIB de Estados Unidos se dispara un 3,5% de julio a septiembre

The GDP of United States fires a 3.5 per cent from July to September

30/10/2009
952

October 30, 2009

Plans of fiscal stimulus, in combination with the zero interest rate policy, have catapulted to USA power out of the economic recession in which lived from the end of 2007.

The gross domestic product (GDP) American grew 3.5% in the third quarter, from July to September, according to the Department of Commerce. Analysts expected an increase of 3% once in the second quarter the US economy leading it back by 0.7%.

The Department of Commerce required that the upturn in GDP primarily reflected the positive contribution of the expense of consumers, as well as exports, government spending and residential investment.

In this respect, personal consumption expenditure recorded an advance of 3.4% in the quarter, its biggest advance in two years, compared with the decline of 0.9% of the previous three months. In fact, investment in durable goods rose 22.3%, with the decline of 5.6 per cent from the previous quarter, while purchases of non-durable goods rose 2%, compared to the decline of 1.9 per cent between April and June.

"The increase in the third quarter reflects largely the purchase of automobiles under the programme 'Money to scrap'," said the Department of Commerce, which pointed out that, without the contribution of the automotive sector, GDP had grown by 1.84%.

On the other hand, the price index linked to the consumer spending recorded an advance of 1.6%, compared to the growth of half a point from the previous quarter.