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.
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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: