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To: where's_the_Outrage?

The estimate was revised upward with a wild jump in numbers, from 3.5%, to 3.9% & to 5%. The linked article gives more information about the components.

NYT Nov. 25, 2014

But the Commerce Department’s release on Tuesday of its revised estimate of gross domestic product — the broadest measure of goods and services produced across the nation — showed that consumers had already stepped up their pace of purchasing.

The shift in the annual rate of growth to 3.9 percent from 3.5 percent was mainly because of a bigger-than-expected jump in consumer spending, bolstered by a modest increase in reported business investment.

National Income and Product Accounts
Gross Domestic Product: Third Quarter 2014 (Third Estimate)
Corporate Profits: Third Quarter 2014 (Revised Estimate)

Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 5.0 percent in the third quarter of 2014, according to the “third” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.6 percent....

https://www.bea.gov/newsreleases/national/gdp/2014/gdp3q14_3rd.htm


18 posted on 07/28/2018 4:37:38 AM PDT by JayGalt (You can't teach a donkey how to tap dance.)
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To: JayGalt

Don’t see a final number, it looks to be all estimates.

However, I found and article in the Guardian that purports final:
https://www.theguardian.com/business/2017/jan/27/us-economy-growth-figures-barack-obama-triumph-donald-trump

It shows 5%.

Might have 2 conspiracies here, one to inflate the number the other to never report the true number.


22 posted on 07/28/2018 4:49:22 AM PDT by where's_the_Outrage? (Drain the Swamp. Build the Wall.)
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