Real gross domestic product -the output of goods and services produced by labor and property in the U.S. -increased at an annual rate of 3.9% in the third quarter 2007, according to advance estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8%.
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The Bureau emphasized that the third-quarter advance” estimates are based on source data that are incomplete or subject to further revision by the source agency. The third-quarter “preliminary” estimates, based on more comprehensive data, will be released on Nov. 29, 2007.
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The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures (PCE), exports, federal government spending, equipment and software, …
Advance Estimates Put 3Q GDP Growth at 3.9%
Real gross domestic product -the output of goods and services produced by labor and property in the U.S. -increased at an annual rate of 3.9% in the third quarter 2007, according to advance estimates released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.8%.
  ;
The Bureau emphasized that the third-quarter advance” estimates are based on source data that are incomplete or subject to further revision by the source agency. The third-quarter “preliminary” estimates, based on more comprehensive data, will be released on Nov. 29, 2007.
  ;
The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures (PCE), exports, federal government spending, equipment and software, …
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