Commerce Department Revises Q3 GDP Estimate

Washington, DC, December 22, 2015—Real gross domestic product increased at an annual rate of 2.0% in the third quarter of 2015, according to the third estimate released by the Bureau of Economic Analysis.

In the second quarter, real GDP increased 3.9%.

The GDP estimate 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 2.1%.  With the third estimate for the third quarter, the general picture of economic growth remains the same; private inventory investment decreased more than previously estimated.