Revision of U.S. 3Q GDP from 1.5% to 2.1% as effect of inventories declines

Even though DB research argues growth rate in 4Q would be less than 2% especially with worries about increased inventories and declined consumption, investment in both of corporate sector and housing market seems very solid suggesting ongoing improvement of U.S. economy.

Chained 2009 $ (%, AR)	Q3'15 (Second Estimate)	Q3'15 (Advance Estimate)	Q2'15	Q1'15	Q3 Y/Y	2014	2013	2012
Gross Domestic Product	2.1	1.5	3.9	0.6	2.2	2.4	1.5	2.2
Inventory Effect	-0.6	-1.4	0.0	0.9	0.1	0.0	0.1	0.1
Final Sales	2.7	3.0	3.9	-0.2	2.1	2.4	1.4	2.1
Foreign Trade Effect	-0.2	-0.0	0.2	-1.9	-0.7	-0.1	0.2	0.2
Domestic Final Sales	2.9	2.9	3.7	1.7	2.8	2.8	1.2	1.9
Demand Components
Personal Consumption Expenditures	3.0	3.2	3.6	1.7	3.2	2.7	1.7	1.5
Business Fixed Investment	2.4	2.1	4.1	1.6	2.2	6.2	3.0	9.0
Residential Investment	7.3	6.1	9.4	10.1	8.2	1.8	9.5	13.5
Government Spending	1.7	1.7	2.6	-0.1	0.7	-0.6	-2.9	-1.9
Chain-Type Price Index
GDP	1.3	1.2	2.1	0.1	0.9	1.6	1.6	1.8
Personal Consumption Expenditures	1.3	1.2	2.2	-1.9	0.3	1.4	1.4	1.8
Less Food/Energy	1.3	1.3	1.9	1.0	1.3	1.5	1.5	1.9