U.S. real gross domestic product (GDP) increased at an annual rate of 2.1% in Q3 2019, according to the third estimate released by the Bureau of Economic Analysis. Revised GDP growth for Q2 2019 was 2%.
Q3 2019 GDP was up by 0.3 % in both the Eurozone (EA19) and in the European Union (EU28), compared to Q2 2019. In Q2 2019, GDP grew by 0.2 % in the Eurozone (EA19) and in the European Union (EU28). Compared with the Q3 2018 (same quarter of the previous year), seasonally adjusted GDP rose by 1.2 % in the Eurozone (EA19) and by 1.4 % in the European Union (EU28) in Q3 2019.
Equities markets continued their rally in November, the S&P 500 gained 3.4%, the Dow 3.7% and Nasdaq Composite 4.5% during the month. Elsewhere, the Japan TOPIX gained 1.9% during the month and the UK FTSE was up 2.2% during November.
What happened in October: The S&P 500 hit an all-time high as trade tensions eased. The Fed cut interest rates again. Meanwhile, China GDP growth was slowest in three decades. The British Pound soared in October and signs are that the Eurozone economy is faltering more than expected.