Real GDP rose 1.8 percent after rising 1.3 percent in the second quarter. Consumer spending, nonresidential investment, and exports picked up. State and local government spending decreased less.
The U.S. current-account deficit decreased $14.4 billion to $110.3 billion, mainly reflecting a drop in the deficit on goods. In the financial account, net financial inflows increased $148.5 billion to $183.9 billion.
An annual supplement to the international accounts presents current-account statistics that combine cross-border trade and net receipts of affiliates of multinational companies.
In the third quarter of 2011, state personal income grew in 30 states; in the other 20 states, it fell or was unchanged. In 2010, compensation rebounded, increasing in 2,480 of the 3,113 counties.