Q2 GDP Rose 3.1%, According to Third Estimate

Washington, DC, September 28, 2017-Real gross domestic product (GDP) increased at an annual rate of 3.1% in the second quarter of 2017, according to the third estimate released by the Bureau of Economic Analysis.

In the first quarter, real GDP increased 1.2%.

The GDP third estimate 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 3.0%.

With this third estimate for the second quarter, private inventory investment increased more than previously estimated, but the general picture of economic growth remains the same.