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Economy

Economic Data (USA)

Friday, October 26, 2018

Gross Domestic Product (GDP): First Estimate for Q3, 2018

The U.S. Real Gross Domestic Product (GDP) "Advance" (first estimate) report for the third quarter of 2018 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +3.3%
Actual: +3.5%

The yellow-highlighted figure represents the quarter-to-quarter change in real gross domestic product for the entire 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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