The US economy grew at an annual pace of 2.0% in the third quarter, slightly slower than the previous estimate of 2.1%. The revision still indicates that the world's biggest economy is growing healthily.
Inventories reached record levels in the US in the first half of the year and high stocks mean manufacturers replace these unsold items at a slower rate. Consumer spending, by far the largest element of the US economy, grew by 3% in the third quarter.
The pace is almost half the 3.9% annualised rate recorded in the second quarter of the year, but that rate was boosted by businesses catching up ground lost during the cold winter weather at the start of 2015.
9:30am - GBP - Current Account -21.3B from last month -16.8B
1:30pm – USD - Core Durable Goods Orders m/m Down to 0.1% from 0.5% last month