US GDPe expands at 3.2%

US real gross domestic product increased at an annual rate of 3.2% in the third quarter of 2016, according to the 'second' estimate released by the US Bureau of Economic Analysis today.

In the second quarter, real GDP increased 1.4%.

The GDP estimate released today is based on more complete source data than were available for the 'advance' estimate issued last month. In the advance estimate, the increase in real GDP was 2.9%.