gross investment (GCE &GI)
The Good news is that it is PCE i.e. Consumers that is driving growth.
Consumer driven growth is good not just for the US but also for those that trade with the US.
Within PCE, Durable Goods contributed 0.35% and Services was the star with 1.38%.
Within GPDI, FI (Fixed Investments) at 1.60% more than offset declines in PI (Private Inventories) -ve 1.08%.
Non Residential was the star contributing 1.54%, with Residential showing a meek 0.05% out of the 1.60%
Net spends of 0.6% by the Federal Govt was offset by 0.6% shrinkage by Local Govts
Real DPI (disposable personal income) decreased 1.7 % (vs an increase of 0.6 % in 2nd Q)
% PS (personal saving rate -- saving as a percentage of disposable personal income) was 4.1% in 3Q (vs 5.1% in 2Q).