The Department of Commerce upgraded its third-quarter U.S. GDP growth estimate

By: Trademagazin editor Date: 2021. 11. 24. 11:02

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The Bureau of Economic Analysis (BEA), a statistical office in the Washington Department of Commerce, revised its third-quarter U.S. GDP growth data slightly upward from its first reading.

US GDP may have grown faster than previously expected in the third quarter

Gross domestic product in the United States grew 2.1 percent year-over-year in the third quarter, according to BEA’s second estimate, compared with 2.0 percent in the first estimate.

However, BEA’s calculation still lags behind analysts’ estimates of 2.2 percent growth in the third quarter. (MTI)