22 December 2009 at 14:36 GMT
The third revision of the Q3 US GDP came out below expectations. Here's a breakdown of the contributions from each of the sections. Nearly all of the broad headings were revised down, with the exception of Government Consumption Expenditures And Gross Investment. Within the main headings, private consumption made the biggest contributions to growth in GDP, while the construction of non-residential properties, as expected, pulled the account down.
| Percent change at annual rate: | First | Third |
| Gross domestic product | 3.5 | 2.2 |
|
Percentage points at annual rates: | | |
| | |
| Personal consumption expenditures | 2.36 | 1.96 |
| Goods | 1.79 | 1.59 |
| Durable goods | 1.47 | 1.36 |
| Non-durable goods | 0.31 | 0.23 |
| Services | 0.57 | 0.37 |
| Gross private domestic investment | 1.22 | 0.54 |
| Fixed investment | 0.28 | -0.15 |
| Nonresidential | -0.24 | -0.59 |
| Structures | -0.32 | -0.68 |
| Equipment and software | 0.08 | 0.10 |
| Residential | 0.53 | 0.43 |
| Change in private inventories | 0.94 | 0.69 |
| Net exports of goods and services | -0.53 | -0.81 |
| Exports | 1.49 | 1.78 |
| Goods | 1.38 | 1.58 |
| Services | 0.10 | 0.20 |
| Imports | -2.01 | -2.59 |
| Goods | -1.94 | -2.41 |
| Services | -0.07 | -0.18 |
| Government consumption expenditures and gross investment | 0.48 | 0.55 |
| Federal | 0.62 | 0.62 |
| National defense | 0.45 | 0.45 |
| Nondefense | 0.17 | 0.17 |
| State and local | -0.14 | -0.08 |
| | |
| Motor vehicle output | 1.66 | 1.45 |