Home | Growth | Q2 GDP growth revised upward

Q2 GDP growth revised upward

Font size: Decrease font Enlarge font
Q2 GDP growth revised upward

GDP growth in Q2 revised to 3.7%.

US estimated real gross domestic product increased at an annual rate of 3.7% in the second quarter, according to a revised estimate issued by the Commerce Department today.  The previous estimate for the quarter was an increase of 2.3%. This Q1 GDP growth of 0.6%. 

Economists had expected a revision to show growth of 3.2%.

The increase in real GDP in the second quarter reflected positive contributions from consumer spending, exports, state and local government spending, nonresidential fixed investment, residential fixed investment, and private inventory investment. Imports, which are a subtraction in the calculation of GDP, increased.

The full report can be found here.


Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image: