GDP Rose by 2.9% in Q3, According to Advance Estimate

Washington, DC, October 28, 2016—Real gross domestic product increased at an annual rate of 2.9% in the third quarter of 2016, according to the "advance" estimate released by the Bureau of Economic Analysis.

In the second quarter, real GDP increased 1.4%.

The Bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the third quarter, based on more complete data, will be released on November 29.