US economy increases growth rate in October - financial experts expect strong GDP growth in the third quarter.

US economy increases growth rate in October - financial experts expect strong GDP growth in the third quarter.

The US economy continues to grow in October. According to a survey by S&P Global, the purchasing managers' index rose by 0.8 points to 51.0 points. This is the highest value since July and above the growth threshold of 50 points. Another sign of positive growth is the expected increase in gross domestic product in the third quarter. Despite increased key interest rates, experts expect an increase of 4.3 percent compared to the previous year, which would correspond to a doubling of the pace of growth. However, the Federal Reserve's latest economic report shows that the economy has made little progress in the last month and a half.

This new data could have a positive impact on the market and the financial industry. A rising Purchasing Managers' Index indicates a growing economy, which can lead to higher investment confidence. Companies could be encouraged to invest in new projects and workforce, which in turn could lead to increased employment opportunities and consumption. Increased gross domestic product also indicates economic growth and could create positive sentiment in the market. Investors could become more confident and invest more in the US market. This could lead to an increase in stock prices and an overall strengthening of the financial industry.

However, it is important to continue to closely monitor the development of the US economy. Although current data is optimistic, the Federal Reserve's economic report suggests that the economy has been stagnant over the past month and a half. Continued sluggish economic activity could lead to uncertainty and impact investor confidence. It remains to be seen how the current developments will affect the market and the financial industry.

According to a report by Süddeutsche.de