Q3 GDP Revised Up to 2.1% in Second Estimate
Washington, DC, November 27, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.1% in Q3 of 2019, according to the second estimate released by the Bureau of Economic Analysis.
In the second quarter, real GDP increased 2.0%.
The GDP estimate released today 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 1.9%. With the second estimate for the third quarter, upward revisions to private inventory investment, nonresidential fixed investment, and personal consumption expenditures were partially offset by a downward revision to state and local government spending.