The advance estimate of third quarter 2017 Real Gross Domestic Product (GDP) is a positive 3.0 %. This growth is marginally worse than the previous quarter’s 3.1 % if one looks at quarter-over-quarter headline growth.Year-over-year growth improved modestly so one could say economic growth was better.
Analyst Opinion of GDP
The consumer spending declined. I am not a fan of quarter-over-quarter exaggerated method of measuring GDP – but my year-over-year preferred method showed moderate acceleration from last quarter.
The market expected (from Bloomberg / Econoday):
Consider:
Real GDP Expressed As Year-over-Year Change
The same report also provides Gross Domestic Income which in theory should equal Gross Domestic Product. Some have argued the discrepancy is due to misclassification of capital gains as ordinary income – but whatever the reason, there are differences.
Real GDP (blue line) Vs. Real GDI (red line) Expressed As Year-over-Year Change
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