Real GDP at 3.9% in Q2, According to Third Estimate by BEU

Washington, DC, September 25, 2015— Real gross domestic product increased at an annual rate of 3.9% in the second quarter of 2015, according to the third estimate released by the Bureau of Economic Analysis.

In the first quarter, real GDP increased 0.6%.

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 3.7%.

With the third estimate for the second quarter, the general picture of economic growth remains the same; personal consumption expenditures (PCE) and nonresidential fixed investment increased more than previously estimated.

The increase in real GDP in the second quarter primarily reflected positive contributions from PCE, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.