Gross Domestic Product (GDP) First Estimate Released Today for Q3, 2016

The U.S. Gross Domestic Product (GDP) "advance" (first estimate) report for the third quarter of 2016 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.5%
Actual: +2.9%

The highlighted figure represents the quarter-to-quarter change in the Gross Domestic Product for the United States.

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

The "advance" estimate is based on data that are subject to future revision.

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GDP - First Estimate - Q3 2016

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• On November 29, 2016, the Commerce Department will release a "preliminary" GDP report for Q3 2016, which will contain more accurate data.
  
  
• On December 22, 2016, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data for Q3 2016.

Click here to view the full Commerce Department report.

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