Economy
October 29, 2018
BEA: Q3 GDP Hits 3.5 Percent, But Trade Disappoints
Written by Peter Wright
Real gross domestic product (GDP) increased 3.5 percent in the third quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter of 2018, real GDP increased 4.2 percent.
The growth in real GDP reflected increases in consumer spending, inventory investment, government spending and business investment. These increases were partly offset by decreases in exports and housing investment. Imports, which are a subtraction in the calculation of GDP, increased.
