**MNI: 5 Things We Learned From Second Estimate of 3Q GDP>

By Holly Stokes and Kevin Kastner

     WASHINGTON (MNI) - The following are the key points from the 

second estimate of third quarter GDP data released Wednesday by the 

Bureau of Economic Analysis: 

     - Third quarter GDP rev up to +3.3% SAAR, as expected, from +3.0% 

in the advance estimate, on upward revisions to all components except 

PCE, especially residential and nonresidential fixed investment.

     - The PCE measure was revised down modestly to a +2.3% pace from 

+2.4% in the advance estimate, reflecting a downward adjustment to 

goods while services PCE was unrevised.

     - The prices measures were revised only modestly, with the GDP 

price index now +2.1% vs adv +2.2%, while the closely watched core PCE 

rev up to +1.4% vs adv +1.3%, putting the y/y rate at +1.4% vs adv 

+1.3% and +1.5% in 2Q. 

     - GDI +2.5% vs +2.3% in 2Q, putting the GDP/GDI average at +2.9% vs 

+2.7% in 2Q, indicating acceleration by both measures. 

     - Real final sales were revised up to +2.5% vs +2.3% in advance 

estimate, reflecting the stronger gains in most components. 

     ** MNI Washington Bureau: 202-371-2121 ** 

[TOPICS: MAUDS$,M$U$$$,MAUDR$]