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September 29, 2014US GDP Q2 2014 (THIRD ESTIMATE) According to the third estimate, US GDP (seasonally adjusted annual rate) increased by 4.6 per cent in the second quarter of 2014. This is an upward revision from the advanced estimate of 4.0 per cent increase and the second estimate of 4.2 per cent. Contributions from nonresidential fixed investment and exports were larger than previous estimates. Contributing to the increase in GDP for the quarter were: personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
Source:
US Bureau of Economic Analysis