Details from the Q4 2016 US GDP final data report 30 March 2017
– Consumer spending 3.5% vs 3.0% exp. Prior 3.0%
– Sales 1.1% vs 1.0% exp. Prior 0.9%
– PCE 2.0% vs 2.1% exp. Prior 1.9%
Largely better than expected all round in the major components. At least it gets growth above 2.0% for the quarter. The buck has gained a few pips but this is mostly old hat now we’re just about to close off Q1 2017.