Inflation Stays Flat in October
Jobs Growth Continues

GDP Growth Estimate Increases

With today's GDP data release, the BEA increased their estimate of real GDP growth in the third quarter today to 3.9 percent (up from th earlier estimate of 3.5%). This, combined with the 4.6% growth from the second quarter, means the U.S. economy experienced solid and above normal growth through the middle of 2014. 

GPD2014.IIIB

The revisions in the new release, based on more complete data, include upward revisions in both consumption and investment.  The contributions to overall growth from each of the four major components of GDP are presented in the table below:

GDPTable2014.IIIb
 

You can download the data here.