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Second Estimate 3Q2016 GDP Revised Upward to 3.2%

Tuesday, November 29, 2016 7:25
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Written by Doug Short and Steven Hansen

The second estimate of third quarter 2016 Real Gross Domestic Product (GDP) is a positive 3.2 %. This is an increase from the advance estimate’s +2.9 % if one looks at quarter-over-quarter headline growth. Year-over-year growth also improved from the advance estimate. The major reason for the increase was improvement in consumer spending.

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