9 percent rate in third quarter If Hillary Clinton wins the election, she may have soybeans to thank.
The candidate's Democratic Party got lucky with the legume in the last gross domestic jimmy choo black flat boots product chus shoes update before the election. The Commerce Department said Friday that GDP grew at a better than expected 2.9 percent rate in the third quarter enough for the party in power to rejoice about an economy picking up steam. The GDP grew by 1.4 percent in the second quarter. But a closer look reveals that, after taking out inventory increases and exports, GDP growth wasn't even half the 2.9 figure. Inventory increases contributed 0.6 of a percentage point to the total; exports kicked in an even greater 1.2 percentage points of growth. That means GDP growth without the two items was 1.1 percent down from the second quarter. Economists believe removing the items from GDP growth can produce better insights. Inventory increases have to be worked off, which can serve as a drag on future production. Exports can jimmy choo designer shoes be the result of jimmy choo metallic boots circumstances unrelated to the US economy. And in Friday's report, both inventory and exports muddied the picture.
Soybean exports accounted for 0.9 of a percentage point or nearly one third of the quarter's GDP gain. The commodity's contribution to GDP had to do with crops ruined by bad weather in South America, where Brazil and Argentina historically dominate as soybean exporters.
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