Scoreboard: Good growth, big falls

Strong US growth failed to impress investors, while the ECB delivered an unexpected rate cut, making for confusing moves on the markets.

US growth was quite a bit stronger than forecast, coming in at 2.8 per cent for the third quarter when 2 per cent was expected. This is good growth, above the 2.5 per cent that we saw in the second quarter and nearly half a percentage point above trend. Predictably nearly all the commentary I’ve read on the figure has been negative, but luckily, that’s as wrong now as it has been in the past.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles