Oct 30, 2015
The economy grew by 1.5% in Q3 — significantly slower than the 3.9% growth experienced in Q2, according to the Bureau of Economic Analysis "advance estimate" released Thursday. Solid growth in consumer spending, business and residential investment, exports, and government spending was partially offset by a sharp decline in inventories, which shaved 1.4 percentage points off of Q3 GDP but is widely viewed as a temporary headwind. The swift rebalancing of inventories may set the stage for more robust economic growth in the fourth quarter and beyond.
For more detail, here's Business Roundtable's The Top Line.
