In a sign that the economy may be picking up, the gross domestic product increased at an annual rate of 2.8% in the third quarter, according to a second estimate released today by the Commerce Department.
That's an improvement over the second quarter, when it declined 0.7% but a slight decline from the department's initial estimate of third quarter growth, which was 3.5%.
From July through September, real gross domestic purchases-purchases by Americans of goods and services wherever they were produced-increased 3.5% (the department had originally estimated 4%), following a 2.3% decline in the second quarter.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
