09.27.2018
The Bureau of Economic Analysis released its third estimate of second quarter 2018 Gross Domestic Product. The third estimate of 4.2 percent annual growth is based on more complete source data than were available for the second estimate issued last month (August 2018) which also calculated a 4.2 percent annualized growth rate. However the latest estimate reflects a downward revision to private inventory investment which was offset by small upward revisions to most other GDP components. Imports which are a subtraction in the calculation of GDP were revised down slightly.
