Data released since the Bureau of Economic Analysis' advance report on Q3 real GDP suggest that growth probably clocked in at 2.2% annualized during the summer quarter growth, a marked improvement from the previously posted 1.5% pace.
A significantly smaller drag from reduced inventory-building during the reference period is expected to account for all but a fraction of the anticipated adjustment to headline growth. Reflecting anticipated modest upward revisions to consumer spending, business equipment investment, home-building and public spending, the growth of real final sales of domestic product and those to domestic purchasers are each expected to be marked one tick higher to 3.1% and 3.0%, respectively