For more information, refer to the Technical Note. With the third estimate, downward revisions to consumer spending, private inventory investment, and exports were partly offset by upward revisions to state and local government spending, nonresidential fixed investment, residential fixed investment, and federal government spending. In the third quarter, receipts increased $22.0 billion, and payments increased $13.2 billion. Rest-of-the-world profits increased $8.8 billion, a downward revision of $1.9 billion. Profits of domestic nonfinancial corporations increased $90.8 billion, an upward revision of $14.7 billion. Profits of domestic financial corporations increased $9.0 billion in the third quarter, a downward revision of $9.8 billion from the previous estimate. Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $108.7 billion in the third quarter, an upward revision of $3.0 billion from the previous estimate (table 10). economic activity that equally weights GDP and GDI, increased 3.2 percent in the third quarter, a downward revision of 0.1 percentage point from the previous estimate (table 1). The average of real GDP and real GDI, a supplemental measure of U.S. Real gross domestic income (GDI) increased 1.5 percent in the third quarter, the same as previously published. Gross Domestic Income and Corporate Profits The personal saving rate-personal saving as a percentage of disposable personal income-was 4.2 percent in the third quarter, an upward revision of 0.2 percentage point.

Personal saving was $851.2 billion in the third quarter, an upward revision of $35.9 billion from the previous estimate. Real disposable personal income increased 0.3 percent, an upward revision of 0.2 percentage point. The increase in the third quarter primarily reflected increases in compensation (led by private wages and salaries), nonfarm proprietors’ income, and personal interest income that were partly offset by a decrease in personal current transfer receipts (table 8).ĭisposable personal income increased $143.5 billion, or 2.9 percent, in the third quarter, a downward revision of $0.5 billion from the previous estimate. Personal IncomeĬurrent-dollar personal income increased $196.2 billion in the third quarter, a downward revision of $22.1 billion from the previous estimate. Excluding food and energy prices, the PCE price index increased 2.0 percent, a downward revision of 0.3 percentage point.

The personal consumption expenditures (PCE) price index increased 2.6 percent, a downward revision of 0.2 percentage point. The price index for gross domestic purchases increased 2.9 percent in the third quarter, a downward revision of 0.1 percentage point from the previous estimate (table 4).

More information on the source data that underlie the estimates is available in the ' Key Source Data and Assumptions' file on BEA’s website Imports turned up.Ĭurrent‑dollar GDP increased 8.3 percent at an annual rate, or $547.1 billion, in the third quarter to a level of $27.61 trillion, a downward revision of $34.3 billion from the previous estimate (tables 1 and 3). Compared to the second quarter, the acceleration in real GDP in the third quarter primarily reflected an upturn in exports and accelerations in consumer spending and private inventory investment that were partly offset by a deceleration in nonresidential fixed investment.

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