GDP continues Q3 expansion

Real GDP increased at an annualized rate of 2.7 percent from Q2, according to the Bureau of Economic Analysis.

SoldAtTheTop
This graph tracks real gross domestic product since 1999, according to the Bureau of Economic Analysis. On a year-over-year basis, real GDP increased 2.67 percent in Q3.

Today, the Bureau of Economic Analysis (BEA) released their second "estimate" of the Q3 2012 GDP report showing that the economy continued to expand with real GDP increasing at an annualized rate of 2.7% from Q2 2012. 

On a year-over-year basis, real GDP increased 2.67% while the quarter-to-quarter non-annualized percent change was 0.66%. 

The latest quarterly results indicate that the most notable source of weakness in the economy came from declines to fixed non-residential investment in structures, equipment and software with the nonresidential investment component declining at an annualized rate of -2.2% from Q2. 

Residential investment, on the other hand, worked to buoy the overall fixed investment component growing at an annualized rate of 14.2% from Q2. 
Keep in mind that these results are likely very poorly estimated and are sure to be revised notably in following quarters and even years to come.

You've read  of  free articles. Subscribe to continue.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

QR Code to GDP continues Q3 expansion
Read this article in
https://www.csmonitor.com/Business/Paper-Economy/2012/1129/GDP-continues-Q3-expansion
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe