Posted November 29, 2017

GDP increased by 3.3 percent in Q3

Real gross domestic product increased at an annual rate of 3.3 percent in the third quarter of
2017, according to the most recent estimate released by the Bureau of Economic Analysis.

In the second quarter, real GDP increased 3.1 percent.

The acceleration in real GDP in the third quarter reflected an acceleration in private inventory investment, a downturn in imports, and smaller decreases in state and local government spending and in residential fixed investment that were partly offset by decelerations in PCE, in nonresidential fixed investment, and in exports.