By BFN News | 01:36 PM | Tuesday 23 December, 2014
US real gross domestic product increased at an annual rate of 5.0% in the third quarter of 2014, according to the 'third estimate released by the US Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent. The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 3.9%. With the third estimate for the third quarter, both personal consumption expenditures (PCE) and non-residential fixed investment increased more than previously estimated. Story provided by StockMarketWire.
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