>GDP Roars Ahead at 8.2 Percent in Q3
This is old news. This is the third take on 3rd quarter GDP, and the headline number is unrevised from last month's take. The pattern is an "advance" estimate at the end of the month following the end of the quarter (i.e., the first estimate of Q3 is released at the end of October), a "preliminary" reading a month later, and a "final" one another month later. This is the "final," which will be revised many more times in the future.
>In a separate report, the government said consumers
>were remaining active in the current quarter with
>consumer spending rising by 0.4 percent in November,
>the best showing since August, and incomes, helped by
>rising employment levels, posted an increase of 0.5
>percent last month, the best gain since May.
Wage & salary growth was fairly weak - 0.3% - but the total personal income number was pushed higher by strong growth in property income (dividends, rents, and proprietors).
Doug