Blue Chip trims U.S. GDP growth to 2.3% in 3Q

Blue Chip Economic Indicators said forecasters it surveyed think the U.S. economy expanded at only a 2.3% annual rate in the July-September period, which would be the smallest gain since the hurricane-dampened fourth quarter of last year. A month ago, forecasters were looking for a somewhat more spirited 2.7% third-quarter increase (reports Reuters)
  3Q'06 4Q'06 2006 1Q'07 2Q'07
US GDP Growth 2.3% 2.4% 3.5% 2.6% 2.6%
Source: Blue Chip Economic Indicators

Weakness in housing and autos were particular drags on the economy in the third quarter, the newsletter said. The government will release its first snapshot on third quarter economic growth on October 27.

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