Q2 GDP Holds Steady at 4.2% in Third Estimate

Washington, DC, September 27, 2018-Real gross domestic product (GDP) increased at an annual rate of 4.2% in the second quarter of 2018, according to the third estimate released by the Bureau of Economic Analysis. 

This is the same as in the second estimate. 

In the first quarter, real GDP increased 2.2%.

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 also 4.2R. With this third estimate for the second quarter, the general picture of economic growth remains the same; a downward revision to private inventory investment was offset by small upward revisions to most other GDP components. Imports, which are a subtraction in the calculation of GDP, were revised down slightly.