Dept Commerce: Third Quarter GDP (second estimate/revision)

[Kurt_and_Hunter]

GROSS DOMESTIC PRODUCT: THIRD QUARTER 2009 (SECOND ESTIMATE)

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.8 percent in the third quarter of 2009, (that
is, from the second quarter to the third quarter), according to the "second" estimate released by the
Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent.

The GDP estimate released today is based on more complete source data than were available for
the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 3.5
percent (see "Revisions" on page 3).

...

Revisions
The second estimate of the third-quarter increase in real GDP is 0.7 percentage point lower, or
$23.7 billion, than the advance estimate issued last month, primarily reflecting an upward revision to
imports and downward revisions to personal consumption expenditures and to nonresidential fixed
investment that were partly offset by an upward revision to exports.


http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp3q09_2nd.pdf

[Kurt_and_Hunter]

1. Question: Who unrec's a government data release?

Seems odd...

There's no editorializing, just the report itself.

[AllentownJake]

2. DUers who don't like what it says

It is like when the Philadelphia Flyers fans a few years ago booed a malfunctioning horn.