The following table summarizes the contributions to percent change in Real GDP and its major subcomponents.
Real GDP rose 2.52% in the third quarter and is up 3.24% from the third quarter of a year ago.
The change in real private inventories added 1.30 percentage points to the third quarter change in real GDP.
Real personal consumption expenditures rose 2.82% and were 70.34% of real GDP in the third quarter.
The change in real personal consumption expenditures added 1.97 percentage points to the third quarter change in real GDP.
The U.S. economy is still driven by the consumer.
Real gross private domestic investment rose 12.42% and was 13.89% of real GDP in the third quarter.
Real nonresidential structures and real residential fixed investment both declined in the quarter.
The change in real private inventories added 1.30 percentage points to the third quarter change in real GDP.
Real net exports were a negative 6.7 billion for the third quarter.
The change in real net exports subtracted 1.76 percentage points from the third quarter change in real GDP.
Real government consumption expenditures rose 8.87% and were 19.51% of real GDP in the third quarter.
Real government consumption expenditures added 0.81 percentage points to the third quarter change in real GDP.
