This post first appeared on FloatingPath

The U.S. Bureau of Economic Analysis reports in its second estimate for the third quarter of 2013 that real gross domestic product increased at a seasonally adjusted annual rate of 3.61%. This is higher than the preliminary estimate of 2.84%, and is an increase from the Q2 growth rate of 2.48%.

This is also the fastest GDP growth has been since the first quarter of 2012.

GDP

The seasonally adjusted annual rates of growth by GDP components in Q3 2013 – second estimate:

  • Personal Consumption Expenditures: +1.4% from +1.8% in Q2 2013.
  • Fixed Investment: +5.4% compared to +6.5% in Q2 2013.
  • Exports: +3.7% compared to +8.0% in Q2 2013.
  • Imports: +2.7% compared to +6.9% in Q2 2013.
  • Government Consumption Expenditures: +0.4% compared to -0.4% in Q2 2013.

GDP components are shown by their percentage contribution to total real GDP:

GDP Contributions 600x374 Q3 GDP Growth Revised Up To 3.61%