Title: Real GDP: Third-Quarter 2009 Advance Estimate
Abstract: GDP rose at an annualized rate of 3.5 percent in the third quarter, somewhat higher than consensus expectations and pulling the four-quarter GDP growth rate up from −3.8 percent to −2.3 percent. The third quarter’s increase was driven in large part by a 3.4 percent jump in personal consumption expenditures, the largest quarterly gain in this component since the first quarter of 2007. One of the most noticeable pieces of this third-quarter advanced estimate is the return to growth of both imports and exports. Exports grew to over $128 billion, reaching their highest mark of this year, likely influenced by a modest dollar depreciation during the third quarter.
Publication Year: 2009
Publication Date: 2009-11-02
Language: en
Type: article
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