MADRID, 27 Oct. (EUROPA PRESS) -

The gross domestic product (GDP) of the United States experienced an increase of 0.6% in the third quarter of 2022, according to the first estimate of the data published this Thursday by the Office of Economic Analysis of the US government (BEA, by its acronym in English).

In this way, the United States left the technical recession in which it had entered in the second quarter, when the economy contracted by 0.1%, after having observed a fall of 0.4% in the first three months of the year. Technical recession is called, according to the consensus of economists, the economic situation that occurs when two quarters of economic contraction are chained together.

The BEA has explained that, between July and September, there was a small decrease in investment in private inventories, although non-residential fixed investment accelerated and government spending increased. Residential fixed investment also fell and consumer spending slowed.

In pure annualized terms, the Bureau's preferred way of presenting the data, US GDP rose 2.6% in the third quarter of the year, compared with a 0.6% decline in the second quarter. The annualized decline in the first quarter was 1.6%.

In the third quarter, the BEA has indicated that the savings rate of Americans was 3.3%, one tenth less than in the previous three months. On its side, disposable income increased by 1.7%, after having fallen by 1.5% between April and June.