CERF Blog

The initial estimate of United States third quarter GDP was released today. The economy grew at 2.5 percent, driven mostly by consumption growth of 2.4 percent and investment in equipment & software of 17.4 percent. Growth was slightly augmented by investment in structures and the improvement in net exports. The government sector’s impact on GDP was… Read more

The BEA’s second estimate of United States third quarter economic growth was released this morning. The revision from the first estimate of 2.0 percent growth was an increase of half a percent to 2.5 percent growth. The revisions were primarily the result of upward revisions to personal consumption expenditures, exports, and state/local government spending. The… Read more