Oh look 3rd quarter GDP estimate revised down yet again, sorry this isn't Health Care related

[AllentownJake]

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 2.2 percent in the third quarter of
2009, (that is, from the second quarter to the third quarter), according to the "third" estimate
released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.7 percent.

The GDP estimate released today is based on more complete source data than were available for
the "second" estimate issued last month. In the second estimate, the increase in real GDP was 2.8
percent (see "Revisions" on page 3).

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

3.5% to 2.8% to 2.2% GDP estimates for the 3rd quarter is falling faster than the price of Enron stock in 2001!

[SemiCharmedQuark]

1. It says that real gross domestic product increased?

on edit: Do you mean RGDP estimate decreased?

[AllentownJake]

2. The estimate keeps going down

3.5 to 2.8 to 2.2

[SemiCharmedQuark]

3. Maybe you should put "estimate" in your OP.

[AllentownJake]

4. Roger that

[SemiCharmedQuark]

7. Cool beans. Thanks!

:hi:

[Selatius]

5. Maybe you should say "Quarter 3 GDP figures repeatedly revised down" in your title?

It's a bit misleading.

[AllentownJake]

6. Ok

The title to this OP is causing a headache.

[Zynx]

8. This doesn't really mean much.

Point estimates of where GDP is are always revised heavily, most heavily influenced by trade and inventory data. Estimates of personal consumption expenditures didn't change much from the first estimate. What did, though, was that the inventory numbers weer marked down as were the trade balance estimates. The larger the trade deficit, the lower GDP is.

[lamp_shade]

9. You just peed all over your pumps, dincha?

[AllentownJake]

10. Well at least you are talking to me

and not doing call outs in a forum where people can't respond, someone just emailed that cute little thing you guys do over there.