The Advance Estimate for Q3 GDP, to one decimal, came in at 3.0% (2.99% to two decimal places), a decrease over 3.1% for the Q2 Third Estimate. Investing.com had a consensus of 2.5%.
Here is the slightly abbreviated opening text from the Bureau of Economic Analysis news release:
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.1 percent.
The Bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see ‘Source Data for the Advance Estimate’ on page 2). The “second” estimate for the third quarter, based on more complete data, will be released on November 29, 2017.
This post was published at FinancialSense on 11/01/2017.
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