Courtesy of Mish.
Real GDP rose at a seasonally adjusted annualized rate (SAAR) if 2.9% according to the BEA’s Advance Estimate.
The acceleration in real GDP growth in the third quarter reflected an upturn in private inventory investment, an acceleration in exports, a smaller decrease in state and local government spending, and an upturn in federal government spending. These were partly offset by a smaller increase in PCE, and a larger increase in imports.
Exports surged 10%, imports 2.3%.
Real GDP
Doug Short at Advisor perspectives provides his usual fine display of charts in Q3 GDP Advance Estimate: A Surprisingly Strong 2.9%
The above chart shows the annualized% change from the preceding quarter in Real (inflation-adjusted) Gross Domestic Product and recessions as determined by the National Bureau of Economic Research (NBER). Also illustrated are the 3.22% average (arithmetic mean) and the 10-year moving average, currently at 1.39%.
Real GDP Historic Trend



