Q3 GDP (second estimate) +33.1% vs. +33.1% consensus and +33.1% previous estimate.
Upward revisions to nonresidential fixed investment, residential fixed investment, and exports were offset by downward revisions to state and local government spending, private inventory investment, and PCE. Imports were revised up.
PCE price index estimate stayed at 3.7%.
Core PCE price index unchanged at 3.5%.
Q2 wages and salaries are now estimated to have fallen 32.6%, an upward revision of 0.9 percentage point from the previous estimate.
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