by Calculated Risk on 12/21/2018 08:34:00 AM
Friday, December 21, 2018
Real gross domestic product (GDP) increased at an annual rate of 3.4 percent in the third quarter of 2018, according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent.PCE growth was revised down from 3.6% to 3.5%. Residential investment was revised down from -2.6% to -3.6%. This was slightly below the consensus forecast.
The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 3.5 percent. With this third estimate for the third quarter, personal consumption expenditures (PCE) and exports were revised down, and private inventory investment was revised up; the general picture of economic growth remains the same
Here is a Comparison of Third and Second Estimates.
Posted by Calculated Risk on 12/21/2018 08:34:00 AM