12152017Fri
Last updateThu, 14 Dec 2017 8pm

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Manufacturing & The Economy

Third Quarter GDP Growth Revised Upward to 3.3%

The U.S. GDP increased at an annual rate of 3.3% in the third quarter of 2017, according to the newest estimate released by the U.S. Department of Commerce, up from 3.0% in the initial estimate. In the second quarter, real GDP increased 3.1%.

With this second estimate for the third quarter, the general picture of economic growth remains the same; nonresidential fixed investment, state and local government spending, and private inventory investment were revised up from the prior estimate. 

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