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The US economy grew by an annualized 2.1% in Q3, compared to an advance estimate of 1.9% and following a 2% expansion in the previous three-month period. Private inventories were revised higher and business investment shrank less than expected. On the other hand, the rise in consumer spending, the main engine of growth, was left unchanged and the drag from net exports was bigger than anticipated.

The US economy grew by an annualized 1.9 percent in the third quarter of 2019, beating market expectations of 1.6 percent and following a 2.0 percent expansion in the previous three-month period, the advance estimate showed. Household consumption, government spending and exports were the main drivers of growth while business investment fell and imports made a negative contribution to GDP.

The US economy grew by an annualized 2 percent in the second quarter of 2019, unrevised from the second estimate and following a 3.1 percent expansion in the previous three-month period. Downward revisions to personal consumption expenditures (PCE) and nonresidential fixed investment were primarily offset by upward revisions to state and local government spending and exports. Imports, which are a subtraction in the calculation of GDP, were revised down.

The US economy grew by an annualized 2 percent in the second quarter of 2019, slightly below a preliminary estimate of 2.1 percent and following a 3.1 percent expansion in the previous three-month period, the second estimate showed. The revision primarily reflected downward revisions to state and local government spending, exports, private inventory investment, and residential investment that were partly offset by an upward revision to personal consumption expenditures (PCE).

The US economy grew by an annualized 2.1 percent in the second quarter of 2019, beating market expectations of 1.8 percent and following a 3.1 percent expansion in the previous three-month period, the advance estimate showed. Household consumption and government spending increased at faster rates, while a slump in exports and a smaller inventory build made a negative contribution to growth.

The US economy grew by an annualized 3.1 percent in the first quarter of 2019, unrevised from the second estimate and following a 2.2 percent expansion in the previous three-month period. Nonresidential and residential fixed investment, exports and imports, and state and local government spending were revised higher while personal consumption expenditures and inventory investment came in lower than initially reported.