Real gross domestic product increased at a seasonally adjusted annual rate of 3.5% in the third quarter, the BEA published this morning. This was the initial estimate for Q3, and follows a growth rate of 4.6% in the second quarter.

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

- Personal consumption expenditures: +1.22%
- Private investment: +0.17%
- Net Exports: +1.32%
- Government Consumption: +0.83%

Nominal GDP was at an annualized $17,535.4 trillion in Q3, while real (inflation adjusted, 2009 chained) GDP was $16,150.6 trillion.

Real GDP is up 2.3% from Q3 2013.