 |
|
| Third-Quarter 2005 GDP ("Preliminary" Estimate - #1) - Nov. 30, 2005 |
|
Summary
Earlier this morning, the Commerce Department released its second ("preliminary") estimate of third-quarter gross domestic product. The report indicated real growth at a 4.3% annual rate during the period. This compared with the 3.8% rate reported in last month's advance estimate.
_____
* The Commerce Department's second ("preliminary") estimate of third-quarter gross domestic product indicated real growth during the period at a 4.3% annual rate, versus a 3.3% rate during this year's June quarter.
* The consensus estimate for the revised third-quarter figure had been around 4.0%, 0.3% lower than the result Commerce actually reported.
* Today's report showed a slight downward revision in the key inflation series used in GDP accounting.
I will soon publish a detailed look at today's numbers.
_____
|
|
|
|
|
|