Here comes GDP …
|12/22/2016||Posted by BusinessMediaguide.Com under General World News||
The Department of Commerce will release its third estimate of US gross domestic product (GDP) in the third quarter at 8:30 a.m. ET.
Economists estimate that GDP will be revised up a hair to 3.3% from 3.2%, according to Bloomberg.
The reading on personal consumption is expected to remain unchanged at 2.8%, reiterating that strong consumer spending supported the economy at a time when business investment was sluggish.
The prior estimate of GDP also showed a strong boost from exports. US soybean producers found a big gap to fill amid poor harvests in the largest South American exporting countries.
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