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- W2884698464 abstract "Third–quarter real GDP was revised down 0.2 percentage point, to −0.5 percent, according to the preliminary estimate released by the Bureau of Economic Analysis. The downward revision, which was largely anticipated, reflected downward adjustments to personal consumption and exports, which were somewhat offset by an upward adjustment to inventories, and a downward revision to imports (which subtracts from real GDP). Personal consumption was revised down from −3.1 percent (annualized rate) to −3.7 percent—its largest decrease since the second quarter of 1980. Real export growth was adjusted down to 3.4 percent from the 5.9 percent of the advance release. Also, imports are now reported as decreasing at an annualized rate of 3.2 percent, as opposed to −1.9 percent before. Residential investment in the third quarter was revised up from −19.1 percent to −17.6 percent, a slight improvement over its four–quarter growth rate and a somewhat welcome development given the current status of the housing sector." @default.
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- W2884698464 date "2008-12-02" @default.
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- W2884698464 title "GDP: Third-Quarter Preliminary Estimate" @default.
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