HomeLive CommentsUS GDP grew 33.1% annualized in Q3, beat expectations

US GDP grew 33.1% annualized in Q3, beat expectations

US GDP grew at annual rate of 33.1% in Q3, above expectation of 32.0%. The increase in real GDP reflected increases in personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, and residential fixed investment that were partly offset by decreases in federal government spending and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased

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