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Alexander Chute Economist
Tel: 902-424-5810Email: Alexander.Chute@novascotia.ca

October 27, 2017
US GDP 2017 Q3 (ADVANCE ESTIMATE)

In the third quarter of 2017, the US economy grew at an annualized rate of 3.0 per cent, according to the advance estimate from the Bureau of Economic Analysis. Growth in the second quarter was 3.1 per cent. Real GDP growth reflects positive contributions from personal consumption, inventories, nonresidential investment, exports and federal government spending. There was lower activity for residential and state/local government spending. Imports decreased compared to last quarter.

Nominal GDP increased 5.2 per cent, compared to growth of 4.1 per cent in Q2 with the personal consumption expenditure price index rising 1.5 per cent in Q3 compared to 0.3 per cent in Q2.

 

 

 

Source: US Bureau of Economic Analysis



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