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Published on Thursday, October 29, 2015 | Updated on Thursday, November 5, 2015

U.S. | 3Q15 Growth Slows to 1.5% as Expected

Real GDP growth increased only 1.5% QoQ SAAR in 3Q, matching our Nowcast estimate. The change in private inventories was the biggest drag, subtracting 1.44pp from growth. Stronger GDP is expected for 4Q, in line with our expectations for 2.5% annual growth.