Laserfiche WebLink
Gross Domestic Product (GDP) <br />Components of GDP 12/22 3/23 6/23 9/23 <br />0.8% 2.5% 0.6% 2.1% <br />0.6% -1.7% 0.9% 1.7% <br />0.3% 0.6% 0.0% 0.0% <br />0.6% 0.3% 0.1% 0.5% <br />0.3% 0.5% 0.5% 0.5% <br />2.6% 2.3% 2.1% 4.9% <br />Personal Consumption Expenditures <br />Gross Private Domestic Investment <br />Net Exports and Imports <br />Federal Government Expenditures <br />Total <br />State and Local (Consumption and Gross <br />Investment) <br />-40.0% <br />-30.0% <br />-20.0% <br />-10.0% <br />0.0% <br />10.0% <br />20.0% <br />30.0% <br />40.0% <br />Gross Domestic Product (GDP) <br />GDP QOQ % Change <br />GDP YOY % Change <br />Source: US Department of Commerce Source: US Department of Commerce <br />According to the third estimate,third quarter GDP grew at an annualized rate of 4.9%,revised down from the second estimate of 5.2%, <br />with the downward revisions driven primarily by personal consumption expenditures. The consensus estimate calls for a marked slowing <br />to 1.2% in the fourth quarter and 2.4% for full year 2023. <br />10