Q3 GDP Unchanged at 2.1% in Third Estimate
Washington, DC, December 20, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.1% in Q3 2019, according to the third estimate released by the Bureau of Economic Analysis.
In Q2, real GDP increased 2.0%.
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 2.1%. With the third estimate for the third quarter, upward revisions to personal consumption expenditures (PCE) and nonresidential fixed investment were offset by a downward revision to private inventory investment.