Economic activity decelerated to 2.0% annualized rate amid Delta variant, supply concerns

Economic activity decelerated to 2.0% annualized rate amid Delta variant, supply concerns

The U.S. economy expanded at its slowest clip in over a year in the third quarter, with a reopening surge in activity quickly beginning to fade.

The Bureau of Economic Analysis released its first estimate of third-quarter gross domestic product (GPD) on Wednesday. Here were the main metrics economists from the print, based on consensus estimates compiled by Bloomberg:

  • GDP quarter-over-quarter, annualized: 2.0% vs. 2.6% expected, 6.7% in Q2

  • Personal consumption: 1.6% vs. 0.9% expected, 12.0% in…


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