As per the advance estimate
of real GDP growth, which was released last Friday, the U.
Quantitatively, revisions are measured as the changes from an earlier vintage of a given estimate to a later vintage of that estimate, for example from the advance estimate
to the latest estimate.
The estimate released today is based on "more complete source data" compared to the advance estimate
last month which reported the second quarter real GDP to be 2.
This is an advance estimate
and advance estimates
are subject to revisions - usually two-three revisions.
The Commerce Department figure, an advance estimate
that is likely to be revised, undershot the 0.
9 percent in the third quarter from the prior quarter, the government said Wednesday, much better than its advance estimate
issued in October of 0.
9 percent (annualised quarterly based), down from a preliminary -1 percent and advance estimate
This is considerably above the advance estimate
Investors are also waiting for the release of the advance estimate
of US third quarter economic growth later Thursday and October jobs figures on Friday.
3 percent on-quarter growth in the fourth quarter of 2012, according to an advance estimate
by the Bank of Korea (BOK).
The Agriculture Ministry in its 2nd advance estimate
has pegged wheat output in the country at 88.
4 percent, and were based on more complete source data than was available for the advance estimate
issued last month.