Real gross domestic product increased at a seasonally adjusted annual rate of 3.9% in the third quarter, the BEA published this morning. This was the second estimate for Q3, and is an upward revision from the initial estimate of a 3.5% growth rate. GDP grew at a rate of 4.6% in Q2.

Components of GDP by their contributions to GDP growth in Q3:

- Personal consumption expenditures: +1.51%
- Private investment: +0.85%
- Net Exports: +0.78%
- Government Consumption: +0.76%

Nominal GDP was at an annualized $17,555.2 trillion in Q3, while real (inflation adjusted, 2009 chained) GDP was $16,164.1 trillion.

Real GDP is up 2.4% from Q3 2013.