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http://mam.econoday.com/byshoweventfull.asp?fid=467027&cust=mam&year=2015&lid=0&prev=/byweek.asp#top
A downward revision to inventories pulled down the third revision to third-quarter GDP, coming in at an annualized and expected rate of 2.0 percent. Revised inventory growth, at $85.5 billion vs an initial $90.2 billion, was the most negative factor in the quarter, which is actually a plus of sorts as businesses held down inventories due to slowing sales, a move that should limit future disruptions in production and employment. Personal consumption expenditures include a downward revision to service spending, now at an annualized 2.1 percent for a 1 tenth decline. The drag from net exports was raised slightly to $11.5 billion. On the plus side, residential fixed investment was upgraded to a very strong 8.2 percent for a 9 tenths upward revision. Nonresidential fixed investment was also upgraded, up 2 tenths to an annualized plus 2.6 percent in the quarter. In sum, the third-quarter came in at a respectable rate, down from an outsized 3.9 percent bounce in the second quarter that followed a weather depressed 0.6 percent rise in the first quarter. Fourth-quarter GDP is tracking at roughly 2 percent and is likely to get a bounce from the current spree of mild weather.
