Bureau of Economic Analysis: GDP Up 2% in 2015’s Third Quarter

data-graph-chartThe real gross domestic product increased 2.0 percent in the third quarter of 2015, buoyed by a growth in consumer spending, business fixed investments and residential investments, according to the Bureau of Economic Analysis.

The White House said Tuesday real gross domestic output also grew 2.3 percent in the third quarter.

BEA revised the third-quarter real GDP growth down 0.1 percentage point at an annual rate to account for the decline in inventory investment during the period.

Residential investment also rose 3.4 percent in the third quarter of 2015 after a sharp decline during the financial meltdown, according to BEA.

Healthcare services prices have also climbed 0.7 percent over the last four quarters, causing a slow growth in the overall per-enrollee health care spending in both the public and private sectors.

BEA says real private domestic final purchases increased 3.2 percent at an annual rate in the third quarter.

 

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