US Q3 GDP Revised Higher, PCE Growth, Prices Unrevised

08:46 AM EST, 01/22/2026 (MT Newswires) -- US economic growth, measured by gross domestic product, was revised up slightly to a 4.4% increase in Q3 from a 4.3% gain in the advance estimate.

No revision was expected in a survey compiled by Bloomberg. GDP rose by 3.8% in Q2.

Personal consumer expenditures were unrevised from the 3.5% increase in the advance estimate and were above a 2.5% gain in Q2.

There were upward revisions to exports and investment that were partially offset by an upward adjustment to imports.

The GDP price index was unrevised from the previous estimate of a 3.8% gain. Overall PCE and core PCE price measures were also unrevised from their previous estimates for 2.8% and 2.9%, respectively.

The advance estimate of Q4 GDP is scheduled to be released on Feb. 20.

The quarterly measure of gross domestic product, or GDP, is released by the US Bureau of Economic Analysis at three stages, with the advance reading about a month after the end of a quarter, followed by second and third readings for the same quarter two and three months after quarter-end.

The data are broken down by each of the GDP components: consumption, fixed investment (which includes residential and nonresidential investment and inventories), government spending, and net exports (exports minus imports). The report also includes prices measures for the overall reading and the categories.

Strong GDP growth is a positive for stocks, but a negative for bonds, especially if it is accompanied by sharp inflation gains.

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