GDP Rose 2.6% in Q3

Washington, DC, October 27, 2022-Real gross domestic product (GDP) increased at an annual rate of 2.6% in Q3 2022, according to the advance estimate released by the Bureau of Economic Analysis. 

In the second quarter, real GDP decreased 0.6%.

The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source. The second estimate for Q3, based on more complete data, will be released on November 30.