Gross Home Product, 3rd Quarter 2024 (Advance Estimate)

Actual gross home product (GDP) greater at an annual charge of two.8 % within the 3rd quarter of 2024 (desk 1), in step with the “advance” estimate launched via the U.S. Bureau of Financial Research. In the second one quarter, actual GDP greater 3.0 %.

The GDP estimate launched as of late is according to supply knowledge which are incomplete or topic to additional revision via the supply company (consult with “Supply Information for the Advance Estimate” on web page 2). The “2d” estimate for the 3rd quarter, according to extra whole supply knowledge, shall be launched on November 27, 2024.

The rise in actual GDP basically mirrored will increase in shopper spending, exports, and federal govt spending (desk 2). Imports, which can be a subtraction within the calculation of GDP, greater.

The rise in shopper spending mirrored will increase in each items and services and products. Inside of items, the main participants had been different nondurable items (led via pharmaceuticals) and motor cars and portions. Inside of services and products, the main participants had been well being care (led via outpatient services and products) in addition to meals services and products and lodging. The rise in exports basically mirrored an building up in items (led via capital items, with the exception of automobile). The rise in federal govt spending was once led via protection spending. The rise in imports basically mirrored an building up in items (led via capital items, with the exception of automobile).

In comparison to the second one quarter, the deceleration in actual GDP within the 3rd quarter basically mirrored a downturn in non-public stock funding and a bigger lower in residential mounted funding. Those actions had been in part offset via accelerations in exports, shopper spending, and federal govt spending. Imports speeded up.

Present‑greenback GDP greater 4.7 % at an annual charge, or $333.2 billion, within the 3rd quarter to a degree of $29.35 trillion. In the second one quarter, GDP greater 5.6 %, or $392.6 billion (tables 1 and three).

The cost index for gross home purchases greater 1.8 % within the 3rd quarter, when put next with an building up of two.4 % in the second one quarter (desk 4). The non-public intake expenditures (PCE) worth index greater 1.5 %, when put next with an building up of two.5 %. Except meals and effort costs, the PCE worth index greater 2.2 %, when put next with an building up of two.8 %.

Private Source of revenue

Present-dollar non-public source of revenue greater $221.3 billion within the 3rd quarter, when put next with an building up of $315.7 billion in the second one quarter. The rise basically mirrored an building up in repayment (desk 8).

Disposable non-public source of revenue greater $166.0 billion, or 3.1 %, within the 3rd quarter, when put next with an building up of $260.4 billion, or 5.0 %, in the second one quarter. Actual disposable non-public source of revenue greater 1.6 %, when put next with an building up of two.4 %.

Private saving was once $1.04 trillion within the 3rd quarter, when put next with $1.13 trillion in the second one quarter. The non-public saving charge—non-public saving as a proportion of disposable non-public source of revenue—was once 4.8 % within the 3rd quarter, when put next with 5.2 % in the second one quarter.

Supply Information for the Advance Estimate

The GDP estimate launched as of late is according to supply knowledge which are incomplete or topic to additional revision via the supply company. Knowledge at the supply knowledge and key assumptions used within the advance estimate is equipped in a Technical Notice and an in depth “Key Supply Information and Assumptions” record posted with the discharge. The “2d” estimate for the 3rd quarter, according to extra whole knowledge, shall be launched on November 27, 2024. For info on updates to GDP, consult with the “Further Knowledge” phase that follows.

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Subsequent liberate, November 27, 2024, at 8:30 a.m. EST
Gross Home Product (2d Estimate)
Company Earnings (Initial Estimate)
3rd Quarter 2024

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Liberate Dates in 2025
Estimate 
2024 This fall and
12 months 2024
2025 Q1
2025 Q2
2025 Q3
Gross Home Product
 
 
 
 
Advance Estimate
January 30, 2025
April 30, 2025
July 30, 2025
October 30, 2025
2d Estimate
February 27, 2025
Would possibly 29, 2025
August 28, 2025
November 26, 2025
3rd Estimate
March 27, 2025
June 26, 2025
September 25, 2025
December 19, 2025
 
 
 
 
 
Gross Home Product via Trade
March 27, 2025
June 26, 2025
September 25, 2025
December 19, 2025
 
 
 
 
 
Company Earnings
 
 
 
 
Initial Estimate
—
Would possibly 29, 2025
August 28, 2025
November 26, 2025
Revised Estimate
March 27, 2025
June 26, 2025
September 25, 2025
December 19, 2025

Author: OpenAI