Here comes GDP ...

The Department of Commerce will release its third estimate of US gross domestic product (GDP) in the third quarter at 8:30 a.m. ET.

Economists estimate that GDP will be revised up a hair to 3.3% from 3.2%, according to Bloomberg.

The reading on personal consumption is expected to remain unchanged at 2.8%, reiterating that strong consumer spending supported the economy at a time when business investment was sluggish.

The prior estimate of GDP also showed a strong boost from exports. US soybean producers found a big gap to fill amid poor harvests in the largest South American exporting countries.

Core personal consumption expenditures (PCE), a measure of inflation that tracks prices paid and excludes volatile food and energy costs, was reported at 1.7% in the second estimate. It is not expected to be revised.

This will be the final report on third-quarter GDP until annual revisions are published in 2017.

More to come ...