According to the second estimate for gross domestic product (GDP) growth in the third quarter of 2014, real GDP expanded at an annualized rate of 3.9 percent, a faster rate than the initial GDP reading of 3.5 percent. Upward revisions were made to consumer spending, private inventory investment and nonresidential equipment, and software, and net exports were revised downward. Much of the growth was attributed to contributions from consumer spending.
