The biggest contributions to growth came from accelerating personal consumption expenditures, which grew at a 2.4 percent annual rate, after a disappointing slowdown to 0.4 percent in the second quarter, and fixed investment, based on the strength of spending on equipment and software.
Courtesy of NAHB

According to the Bureau of Economic Analysis gross domestic product grew at a seasonally adjusted annual rate of 2.5 percent. This is up from 1.3 percent in the second quarter and 0.4 percent in the first quarter.

While revisions from advance to third estimates of GDP growth average 0.6 percent (without regard to sign), BEA quarterly estimates correctly indicate whether GDP growth is accelerating or decelerating 72 percent of the time. This suggests the improvement so far this year, following the dramatic slowdown from early 2010, is likely to be sustained in the second and third estimates. Residential fixed investment (RFI), housing?EUR??,,????'?????<