Market Review, November 2013

Publication Date: 

December 2013

Summary: 

U.S. real GDP was revised to a 3.6% annual pace during the third quarter, higher than the preliminary reading of 2.8% and above economists’ estimates of 3.2%. This is the fastest pace since the first quarter of 2012. The increase in the latest estimate was almost entirely due to further growth in private inventory investment, which was much larger than previously estimated. Real final sales grew 1.9% in the third quarter and consumer spending rose 1.4%, both rates of growth slowed from the prior quarter.