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Inventories, Exports and Government Spending Boost GDP

Friday, October 28, 2016 22:50
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(Before It's News)

by Rick Davis, Consumer Metrics Institute

October 28, 2016 – BEA Estimates 3rd Quarter 2016 GDP Growth to be 2.91%

In their first (“preliminary”) estimate of the US GDP for the third quarter of 2016, theBureau of Economic Analysis(BEA) reported that the growth rate was +2.91%, up +1.49% from the prior quarter. Most of the reported improvement in the headline number came from a +1.77% quarter-to-quarter gain in inventories, a +0.96% rise in exports, and a +0.39% uptick in governmental spending.

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