The third-quarter gross domestic product revision was as expected at negative 0.5% real growth, and the fourth quarter is shaping up for another drop. Growth has been slow for a year and is probably decreasing.
Consumption was lowered based on revised retail data, less energy spending, and lower services. Exports added less and inventories more as new data came in, lowering real final sales to a dismal negative 1.4%. Real final sales last declined more in the recessionary first quarter of 1991.