Home | Growth | Q3 GDP revised downwards

Q3 GDP revised downwards

Font size: Decrease font Enlarge font
Q3 GDP revised downwards

GDP growth in Q3 revised to 2.0% from 2.1%.

US estimated real gross domestic product increased at an annual rate of 2.0% in the third quarter, according to a report issued by the Commerce Department today.  This is an upward revision from the previous estimate of 2.1% growth. This follows Q2 GDP growth of 3.9%. 

The revised figure was slightly above analysts’ expectations for a revision to 1.9%.

The downward revision resulted primarily from lower-than-estimated growth in inventories, offset by higher-than-estimated expenditures on business equipment.

The full report can be found here.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image: