National Income and Product Accounts Gross Domestic Product: Third Quarter 2012 (Advance Estimate), Oct. 26, 2012

by Gary Kopycinski on October 26, 2012

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Washington, DC—(ENEWSPF)—October 26, 2012. Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.0 percent in the third quarter of 2012 (that is, from the second quarter to the third quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent.