{"id":1004157502,"date":"2016-10-31T04:43:22","date_gmt":"2016-10-31T12:43:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004157502"},"modified":"2022-12-03T09:35:34","modified_gmt":"2022-12-03T17:35:34","slug":"economy-watch-third-quarter-enjoys-gdp-surge","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-third-quarter-enjoys-gdp-surge\/","title":{"rendered":"Economy Watch: Third Quarter Enjoys GDP Surge"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004157505\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004157505\" data-attachment-id=\"1004157505\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-third-quarter-enjoys-gdp-surge\/bea-gdp-growth-1016\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png\" data-orig-size=\"902,392\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BEA GDP Growth 1016\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: Bureau of Economic Analysis, Gross Domestic Product: Third Quarter 2016 (Advance Estimate)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png?w=902\" class=\"wp-image-1004157505\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png\" alt=\"Source: Bureau of Economic Analysis, Gross Domestic Product: Third Quarter 2016 (Advance Estimate)\" width=\"400\" height=\"174\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png 902w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png?resize=300,130 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png?resize=768,334 768w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-1004157505\" class=\"wp-caption-text\">Source: Bureau of Economic Analysis, Gross Domestic Product: Third Quarter 2016 (Advance Estimate)<\/p><\/div>\n<p>Real gross domestic product increased at an annualized rate of 2.9 percent during the third quarter of 2016, according to the first (or advance) estimate released Friday by the <a href=\"https:\/\/www.bea.gov\/newsreleases\/national\/gdp\/gdpnewsrelease.htm\" target=\"_blank\" rel=\"noopener\">Bureau of Economic Analysis<\/a>. Economists expected an increase, but that much was more than expected. During the second quarter, real GDP increased 1.4 percent.<\/p>\n<p>Most kinds of economic activity gave third-quarter\u00a0real GDP a boost, including positive contributions from personal consumption expenditures (people spending their money), exports, private inventory investment, federal government spending, and nonresidential fixed investment (largely commercial real estate). Those were partly offset by negative contributions from residential fixed investment and state and local government spending.<\/p>\n<p>Disposable personal income increased $125.3 billion, or 3.6 percent, in the third quarter, compared with an increase of $140.6 billion (\u00a0or 4.1 percent) in the second, the BEA said. Real disposable personal income, however, increased 2.2 percent, compared with an increase of 2.1 percent.<\/p>\n<p>The bureau stressed that the third-quarter advance estimate is based on source data that are incomplete or subject to further revision. The second estimate for the third quarter, based on more complete data, will be released on Nov. 29. Usually (but not always), revised estimates tend to be larger than first estimates, so that could bode well for the economy and perhaps help encourage the Fed to raise interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong commercial real estate investment was one of the main economic activities that contributed to third-quarter GDP&#8217;s boost.<\/p>\n","protected":false},"author":1023,"featured_media":1004157505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004157502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Third Quarter Enjoys GDP Surge - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-third-quarter-enjoys-gdp-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Third Quarter Enjoys GDP Surge\" \/>\n<meta property=\"og:description\" content=\"Strong commercial real estate investment was one of the main economic activities that contributed to third-quarter GDP&#039;s boost.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-third-quarter-enjoys-gdp-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-31T12:43:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T17:35:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/BEA-GDP-Growth-1016.png\" \/>\n\t<meta property=\"og:image:width\" content=\"902\" \/>\n\t<meta property=\"og:image:height\" content=\"392\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/\"},\"author\":{\"name\":\"Dees Stribling\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc1e9fa4ee0430d86f8e60cd697c953c\"},\"headline\":\"Economy Watch: Third Quarter Enjoys GDP Surge\",\"datePublished\":\"2016-10-31T12:43:22+00:00\",\"dateModified\":\"2022-12-03T17:35:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/\"},\"wordCount\":242,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/10\\\/BEA-GDP-Growth-1016.png\",\"articleSection\":[\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-third-quarter-enjoys-gdp-surge\\\/\",\"name\":\"Economy Watch: Third Quarter Enjoys GDP Surge - 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