Q2 GDP Revised Upward to 1.4% in Third Estimate

Washington, DC, September 29, 2016—Real gross domestic product increased at an annual rate of 1.4% in the second quarter of 2016, according to the "third" estimate released by the Bureau of Economic Analysis.

In the first quarter, real GDP increased 0.8%.

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 1.1%.

With the third estimate for the second quarter, the general picture of economic growth remains the same. The most notable change from the second to third estimate is that nonresidential fixed investment increased in the second quarter; in the previous estimate, nonresidential fixed investment decreased.