It’s time to start paying closer attention to this indicator as we count down to the October 30 release of advance GDP for Q3. This is a nice bump and comes after some upbeat economic data.

“After recent releases from the US Census Bureau, the Institute for
Supply Management, the US Bureau of Labor Statistics, and the US Bureau
of Economic Analysis, the nowcasts of third-quarter real personal
consumption expenditures growth, third-quarter real gross private
domestic investment growth, and third-quarter real government spending
growth increased from 3.0 percent, 0.8 percent, and 1.7 percent,
respectively, to 3.3 percent, 3.4 percent, and 2.2 percent.”

here is an easier way to see that jumbled mess of a paragraph

This article was written by Adam Button at www.forexlive.com.