Log in

GDP Rebounds in 3rd Quarter

Thu, October 27, 2022 2:27 PM | Anonymous member (Administrator)

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (see, Table), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency. Most of the positive private sector growth occurred in the transportation sector, buoyed by summer vacation travel and some normalcy after being hit hard by the Covid-19 pandemic and lingering shutdowns.  The "second" estimate for the third quarter, based on more complete data, will be released on November 30, 2022.


Construction Industry Round Table (CIRT)  ·  8115 Old Dominion Dr., Suite 210  McLean, VA  22102-2325  · (202) 466.6777  ·  cirt@cirt.org  · Legal Notices
Copyright 2022 · All Rights Reserved.

Powered by Wild Apricot Membership Software