U.S. gross domestic product increased by more than previously estimated in the third quarter of 2021, according to revised data released by the Commerce Department on Wednesday.
The report said real GDP surged by 2.3 percent in the third quarter, reflecting an upward revision from the previously estimated 2.1 percent jump. Economists had expected the pace of GDP growth to be unrevised.
The stronger than previously estimated growth primarily reflected upward revisions to consumer spending and private inventory investment. A downward revision to exports limited the upside.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.