According to the advance estimate for GDP growth in the third quarter of 2014, real GDP expanded at an annualized rate of 3.5 percent. Much of the growth was attributed to contributions from consumer spending and net exports of goods and services, which contributed 1.2 and 1.3 percentage points to the quarter’s growth, respectively. Net exports of goods and services contributed 1.3 percentage points, and government consumption contributed 0.8 percentage points, representing the largest percentage point growth attributed to those two categories since the second quarter of 2010.
