by Calculated Risk on 12/22/2009 08:28:00 AM
Tuesday, December 22, 2009
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the third quarter of 2009 ...GDP was revised down from the advance estimated of 3.5% to the preliminary estimate of 2.8%, and now to 2.2%.
Personal consumption expenditures (PCE) were revised down to 2.8% from 2.9%.
And investment in nonresidential structures was revised down to -18.4% from -15.1% (aka falling off a cliff).
Posted by Calculated Risk on 12/22/2009 08:28:00 AM