Gross Domestic Product (GDP) "Advance" Released Today for Q3, 2012

U.S. Gross Domestic Product (GDP) numbers for the third quarter of 2012 were released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.9%
Actual: +2.0%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release a "preliminary" report for the above-referenced quarter, which will contain more accurate data. Eventually, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).

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