Q2 GDP Revised Up to 3.3%, from 3.0%, in Second Estimate

Washington, DC, November 29, 2017-Real gross domestic product (GDP) increased at an annual rate of 3.3% in the third quarter of 2017, according to the second estimate released by the Bureau of Economic Analysis.

In the second quarter, real GDP increased 3.1%.

The second GDP estimate is based on more complete source data than were available for the advance estimate issued last month. 

In the advance estimate, the increase in real GDP was 3.0%. With this second estimate for the third quarter, the general picture of economic growth remains the same; nonresidential fixed investment, state and local government spending, and private inventory investment were revised up from the prior estimate.