US GDP grew 2 per cent in Q3 as per the third estimate

FXStreet (Mumbai) - Real gross domestic product increased at an annual rate of 2.0 percent in the third quarter of 2015, according to the "third" estimate released by the Bureau of Economic Analysis today. The GDP had increased at an annual rate of 2.1 percent in the third quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent.

According to official sources, increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures (PCE), non-residential fixed investment, state and local government spending, residential fixed investment, and exports that were partly offset by a negative contribution from private inventory investment.