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VCG Monthly Review Oct 2015

Publication Date: 

October 2015


The US economy grew at an annualized rate (a.r.) of 1.5% during the third quarter according to the advance estimate. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures, state and local government spending, nonresidential fixed nvestment, and residential fixed investment that were partly offset by negative contributions from private inventory investment. Net exports subtracted just -0.03% from economic growth despite the strong dollar and weakness abroad.