Wed Nov 27, 2019
Author: RV News Staff
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product (GDP) increased 2.1 percent in the third quarter of 2019, according to the “second” estimate released. The growth rate was 0.2 percentage point higher than the “advance” estimate released in October. In the second quarter, real GDP rose 2.0 percent.
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $4.6 billion in the third quarter, compared with an increase of $75.8 billion in the second quarter.
For the full report, with additional graphics and a detailed explanation of the report, click here.
The BEA’s reports are provided as a free service. To subscribe to the service or see other economic and news reports on its website, click here.