American second-quarter GDP surge jumps to 4.2%

American second-quarter GDP surge jumps to 4.2%

In the second quarter, American economic surge turned out to be a bit stronger than initially anticipated, demonstrating its best performance for nearly four years and putting the US economy on track to meet the Trump administration's objective of 3% annual surge.

GDP jumped at a 4.2% annualized rate, as the Commerce Department informed. It rallied a bit from the 4.1% tempo of expansion posted in July. What’s more, since the third quarter of 2014 it happened to be the fastest rate.

The US economy rallied at a 2.2% tempo during the January-March period. Apparently, the moderate upward revision to surge the previous quarter actually reflected more business shelling out funds on software than previously anticipated and also less imported petroleum.

Firmer software investment along with a smaller import bill compensated a downward update of consumer spending. US leader, whose administration has backed boosting annual economic surge to 3% on a regular basis, appreciated the updated second-quarter report.

The American managed to expand by 3.2% in the first half of this year, adding from the 3.1% estimated in July. In contrast with the second quarter of the previous year, output jumped by 2.9%, instead of the previously posted 2.8%. Market experts stressed that the second-quarter surge tempo was unsustainable as it was mostly powered by one-off factors.

Besides this, the American economy faces constraints, including low productivity as well as slow population surge.

However, there are indications that some of the momentum was lost in the beginning of the third quarter. On Tuesday, the US government informed that the goods trade deficit rallied by 6.3% hitting $72.2 billion in July due to the f act a 6.7% dip in food shipments put pressure on exports.

While in the third quarter consumer spending has been still firm, the housing market has decreased further with homebuilding adding less than anticipated in July and sales of new as well as previously owned houses dipping in the face of a dearth of properties.


Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

Latest news

US Dollar Index at a 3-month Low
US Dollar Index at a 3-month Low

The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?

Soon Bullish Rally for Gold
Soon Bullish Rally for Gold

The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera