New GDP Estimate .5% Lower

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Real GDP increased an annualized 2% in the 3rd quarter 2011, a .5% decline from the first estimate.  This was largely the result of lower figures for private inventory investment, nonresidential fixed investment, and personal consumption expenditures. It was partially offset by decreased import figures.

Please see our GDP Report for more information.

–From the Bureau of Economic Analysis and the St. Louis Federal Reserve

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One Response to “New GDP Estimate .5% Lower”

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