Q3 GDP Misses Expectations, Tumbles To 1.5% On Sliding Inventories
by Tyler Durden
ZeroHedge.com
10/29/2015
The long awaited inventory correction is finally arriving. Moments ago the BEA reported preliminary Q3 GDP, which at 1.49%, missed both sellside consensus expectations of 1.6%, and tumbled from the 3.9% reported in the second quarter as the quarterly volatility continues at an unprecedented pace. This was the second lowest quarterly GDP print since Q1 2014 excluding the “double seasonal adjustment” meant to cover up the collapse in Q1 2015 GDP.
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