In its third and final estimate of the third-quarter GDP, the economy grew at 3.2%. The revision is statistical noise.

The BEA reports Third-Quarter 2017 GDP at 3.2%, down from 3.3% in the second estimate.

Details

  • Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the third quarter of 2017.
  • Real gross domestic income (GDI) increased 2.0 percent in the third quarter, compared with an increase of 2.3 percent in the second.
  • The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 2.6 percent in the third quarter, compared with an increase of 2.7 percent in the second quarter.
  • GDP Revision History

    Contributions Part 1 

    Contributions Part 2 

    Major Contributions

  • PCE: 1.49 Down from 2.24
  • Services : 0.52 Down from 1.08
  • Nonresidential: 0.58 Down from 0.82
  • Change in Inventories: 0.79 Up from 0.12
  • Looking Ahead

    Residential investment subtracted 0.18 from third-quarter GDP. It rates to add in the fourth-quarter of 2017 and first-quarter of 2018, barring construction revisions.

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