GDP continues Q3 expansion
Today, the聽聽(BEA) released their second聽聽showing that the economy continued to expand with real GDP increasing at an annualized rate of 2.7% from Q2 2012.聽
On a year-over-year basis, real GDP increased 2.67% while the quarter-to-quarter non-annualized percent change was 0.66%.聽
The latest quarterly results indicate that the most notable source of weakness in the economy came from declines to fixed non-residential investment in structures, equipment and software with the nonresidential investment component declining at an annualized rate of -2.2% from Q2.聽
Residential investment, on the other hand, worked to buoy the overall fixed investment component growing at an annualized rate of 14.2% from Q2.聽
Keep in mind that these results are likely very poorly estimated and are sure to be revised notably in following quarters and even years to come.
