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Q2 GDP revised upwards

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Q2 GDP revised upwards

Final estimate comes in at a 4.6% annualized growth rate.

US estimated real gross domestic product increased at an annual rate of 4.6% in the second quarter, according to a Commerce Department report issued today.  This is an upward revision from the second estimate estimate of 4.2%.

Analysts had expected an upward revision to 4.3%.

The most significant factors in the upward revision were an increased pace in business spending and stronger exports than originally estimated.

The strong results were broad-based, suggesting continued robust growth in Q3.

The full report can be found here.

 

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