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Q3 GDP 33.4% in Third Estimate

US DATA
MNI (Washington)
  • Third estimate of 3Q GDP was revised up to 33.4%,, slightly above expectations for an unrevised 33.1%.
  • That was primarily driven by upward revisions to PCE and nonresidential fixed investment, which were partially offset by declines in federal and state and local government spending, the Bureau of Economic Analysis said Tuesday. Imports were also revised up.
  • PCE inflation unrevised at 3.7%, core 3.4%.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

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