GDP and the Economy Third Estimates, Second Quarter of 2011

by Sabrina I. Pacifici on October 30, 2011

BEA: GDP and the Economy – Third Estimates for the Second Quarter of 2011, October 2011.

  • “Real gross domestic product (GDP) increased 1.3 percent in the second quarter of 2011, according to the third estimates of the national income and product accounts (NIPAs). The third estimate of real GDP growth was revised up 0.3 percentage point from the second estimate. In the first quarter, real GDP increased 0.4 percent. The acceleration in real GDP in the second quarter primarily reflected a deceleration in imports, an upturn in federal government spending, and an acceleration in nonresidential fixed investment that were partly offset by a deceleration in consumer spending, a downturn in inventory investment, and a deceleration in exports.”
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