With the second estimate for the third quarter, private inventory investment decreased less than previously estimated, and both personal consumption expenditures (PCE) and nonresidential fixed investment increased more. In contrast, exports increased less than previously estimated.
On the price front, the chain-weighted price index was revised up marginally to 1.4 percent, compared to the advance estimate of 1.3 percent annualized from 2.1 percent in the second quarter. The core chain index, excluding food and energy, eased to 1.7 percent but was slightly higher than the initial estimate of 1.6 percent.
Recent History Of This Indicator:
GDP growth for the initial estimate for the third quarter topped expectations even as it decelerated from the second quarter. Third quarter GDP growth decelerated after a second quarter jump related to make up activity after the first quarter decline due to atypically adverse winter weather. The advance estimate for the third quarter posted at a moderately healthy 3.5 percent annualized, following 4.6 percent boost in the second quarter. The median forecast was for 3.0 percent. Final sales of domestic product increased a healthy 4.2 percent after gaining 3.2 percent in the second quarter. Final sales to domestic purchasers rose 2.7 percent in the third quarter, compared to 3.4 percent in the second quarter. On the price front, the chain-weighted price index decelerated to 1.3 percent annualized from 2.1 percent in the second quarter. The core chain index, excluding food and energy, eased to 1.6 percent from 1.8 percent in the second quarter.
GDP growth for the initial estimate for the third quarter topped expectations even as it decelerated from the second quarter. Third quarter GDP growth decelerated after a second quarter jump related to make up activity after the first quarter decline due to atypically adverse winter weather. The advance estimate for the third quarter posted at a moderately healthy 3.5 percent annualized, following 4.6 percent boost in the second quarter. The median forecast was for 3.0 percent. Final sales of domestic product increased a healthy 4.2 percent after gaining 3.2 percent in the second quarter. Final sales to domestic purchasers rose 2.7 percent in the third quarter, compared to 3.4 percent in the second quarter. On the price front, the chain-weighted price index decelerated to 1.3 percent annualized from 2.1 percent in the second quarter. The core chain index, excluding food and energy, eased to 1.6 percent from 1.8 percent in the second quarter.
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