The Bureau of Economic Analysis reported today that Q3 GDP ticked upward to 2.0 percent, after clocking in at 1.3 percent in Q2.
But that headline number gives only limited amount of information.
Here’s a more detailed breakdown from today’s BEA report. It could have been worse:
- Personal consumption improved to 2.0 percent in the third quarter, compared with 1.5 percent in Q2
- Investment fell to 0.5 percent, compared with 0.7 percent in Q2
- Net exports declined to -1.7 percent in the third quarter, compared with 2.5 percent in Q2
- Federal spending jumped to 3.7 percent, compared with -0.7 percent in Q2.
The Gaetano Group 