Statement from Commerce Under Secretary Rebecca Blank on the Second Estimate of GDP in the Third Quarter of 2010
WASHINGTON, November 23 — The U.S. Commerce Department’s Bureau of Economic Analysis today released the second estimate of gross domestic product (GDP) for the third quarter of 2010. Real GDP grew at a 2.5 percent annual rate in the third quarter, revised up from the advance estimate of 2.0 percent and slightly higher than private-sector expectations of a 2.4 percent increase. The upward revision reflected data that were not available for the advanced estimate.