Updated inventory data from the U.S. Census Bureau showed that wholesale trade pulled private inventory investment lower, driving the revision downward. Growth was supported mainly by household spending and investment. Contractions in exports and government outlays weighed on the overall figure.
A federal government shutdown from Oct. 1 to Nov. 12, 2025, subtracted an estimated 1 percentage point from real GDP growth, according to the Bureau of Economic Analysis. The agency said the lapse in federal appropriations prevented the Bureau of Labor Statistics from collecting October consumer price index data, so the bureau had to impute price indexes for that month.
The third estimate, originally scheduled for March 27, was postponed because of the shutdown.
Private goods-producing industries contracted 1.8 percent, and the federal government’s contribution dropped 7.8 percent. Private…
