GDP: Q3 Third Revision Unchanged As Q4 Nears End

Bottom Line: Final Revisions indicate that 3rd Quarter growth ended a touch slower than previously reported. While consumption growth was revised lower, sometimes an indicator of slower growth in the coming quarter, retail sales indicate that growth remained strong in the first two months of the 4th Quarter. With the 4th Quarter ending next week, early forecasts are for a modest deceleration to 2.7% annualized. GDPThe GDP Price Index