US GDP growth revised slightly down in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to the third gross domestic product (GDP) estimate released by the US Department of Commerce, the country’s economy expanded by 3.4% in the third quarter of 2018 on an annual basis.
The latest figure indicated a slight decrease of 0.1% when compared to the second revised rate of 3.5% in October.
The Bureau stated that the recent deceleration in the GDP reflected a downturn in exports, nonresidential fixed investment, and personal consumption expenditures. These were partly offset by an upward revision in private inventory investment, however.
The latest figure indicated a slight decrease of 0.1% when compared to the second revised rate of 3.5% in October.
The Bureau stated that the recent deceleration in the GDP reflected a downturn in exports, nonresidential fixed investment, and personal consumption expenditures. These were partly offset by an upward revision in private inventory investment, however.
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