October 29, 2010
Estimates Show Slight GDP Growth
By Brandon Butler
The federal Bureau of Economic Analysis estimates that third quarter gross domestic product increased from 1.7 percent in the second quarter to 2 percent in the third quarter.
Based on incomplete analysis of the results, the government estimates that personal consumption and private inventory investments helped contribute to the GDP output, along with federal spending. Imports, which detract from the GDP, also increased.
A second estimate of third-quarter GDP will be released in late November.
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