US GDP 2nd estimate for Q2 1.5% vs 1.5% preliminary.
- GDP 1st estimate 1.6% (they were expecting 2.1% before the 1st release).
- GDP 2nd revision 1.5% vs 1.5% estimate
- Consumer Spending 3.4% vs 3.2% preliminary estimate
- GDP Deflator 6.4% vs 6.2% estimate
- Core PCE YoY 3.6% vs 3.4% estimate
- PCE Prices YoY 5.3% vs 5.1% estimate
- PCE ex food energy and housing Q2 3.4% vs 3.2% preliminary
- PCE Services ex energy and housing Q2 3.7% vs 3.4% preliminary
Contributing pieces to the GDP:
- Consumer 2.31%
- Investment 0.48%
- Government -0.16%
- Net trade -1.14% with exports adding 0.50% and imports subtracting -1.64%
This article was written by Greg Michalowski at investinglive.com.