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Here comes GDP …





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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Source:: BusinessInsider.Com

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