“The increase in real GDP reflected increases in exports, consumer spending, nonresidential fixed investment, state and local government spending, and federal government spending,” the department said in a statement.
The current-dollar GDP increased 7.3% at an annual rate, or $450.5 billion, in the third quarter to a level of $25.7 trillion, which is an upward revision of $35.7 billion from the previous estimate, it added.
The price index for gross domestic purchases increased 4.7% in the third quarter – an upward revision of 0.1 percentage point from the previous estimate.
Source: Anadolu Agency