FX.co ★ U.S. Q3 GDP Growth Unrevised At 2.8%

A report from the Commerce Department on Wednesday confirmed that U.S. economic activity in the third quarter remained consistent with previous estimates. The gross domestic product (GDP) climbed by 2.8 percent during this period, mirroring the "advance" estimate released last month. Adjustments within the report noted that while there were increases in private inventory investment and nonresidential fixed investment, these were counterbalanced by declines in exports and consumer spending. Despite this steady growth in GDP for the third quarter, it represents a slight deceleration from the 3.0 percent increase recorded in the second quarter.