Incomes Rise 4% In Third Quarter

Real gross domestic product rose at an annual rate of 3.5% in the third quarter of 2018, according to the second estimate released by the U.S. Bureau of Economic Analysis. Real gross domestic income growth is up 4% in the third quarter, compared to the 0.9% growth seen in the second quarter. The average of real GDP and real GDI, increased 3.8% in the third quarter, increasing from 2.5% from the second quarter. The increase in real GDP in the third quarter reflected positive contributions from non-residential fixed investment, personal consumption expenditures, private inventory investment, federal government spending and state and local government spending. These were partly offset by negative contributions from exports and residential fixed investment.