Tuesday, December 23, 2014

GDP: Q3 2014 (Final Estimate)

Today, the Bureau of Economic Analysis (BEA) released their final "estimate" of the Q1 2014 GDP report showing that the economy grew strongly in the third quarter with real GDP improving at an annualized rate of 5.0% from Q2 2014.

On a year-over-year basis, real GDP increased 2.70% while the quarter-to-quarter non-annualized percent change was an increase of 1.22%.