US Economic Growth stays Strong at 3.4% GDP in Q3

Third quarter U.S. gross domestic product (GDP) was slightly revised to 3.4 on Friday, the third estimate nearly unchanged from the 3.5 percent second estimate.

Real gross domestic product was revised a third time slightly Friday to 3.4 percent after a second Bureau of Economic Analysis (BEA) Q3 estimate of 3.5.

“Real gross domestic income (GDI) increased 4.3 percent in the third quarter, compared with an increase of 0.9 percent in the second quarter,” according to the BEA announcement. Real GDP and real GDI averaged “a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 3.8 percent in the third quarter, compared with an increase of 2.5 percent in the second quarter.”

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