U.S. GDP rose 4.3% from July through September, according to the Bureau of Economic Analysis.
But it might be a product of businesses holding back on imports after going on an import binge earlier this year to avoid tariffs.
The keepers of GDP continually update their calculations as more information becomes available.
Depending on how you measure it, the economy either grew or shrank, according to BEA statistics.
Inflation was up and inventories down, but consumer spending kept GDP growing — albeit at a slower pace.
There are reasons to take a weak gross domestic product report with a big grain of salt.
U.S. GDP grew 6.5% from April through June, less than many economists expected. However, it’s caught up to pre-pandemic levels.
Some say the economy could get a boost in the fall, even with potential threats looming.
Wendy Edelberg from Brookings evaluates what the Republican and Democratic relief proposals could mean for GDP.
The number is going to be “annualized.”
