Doug Short of Advisor Perspectives just put up his nifty chart breaking down how various components contributed to GDP growth in Q3.
Here's the quick recap, via the BEA:
- Personal consumption expenditures increased 1.4 percent, compared with +1.5 percent in Q2
- Nonresidential fixed investment decreased 2.2 percent, compared with +3.6 percent in Q2.
- Exports of goods and services increased 1.1 percent, compared with +5.3 percent in Q2.
- Federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, compared with -0.2 percent in Q2.
And now, Doug's chart:
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