- Advance Q2 reading was +2.8% annualized
- Final Q1 reading was +1.4% annualized
Details:
- Consumer spending % vs +2.0% advance
- Consumer spending on durables %
- GDP final sales % vs +2.0% advance
- GDP deflator +% vs +2.3% advance
- Core PCE +% vs +2.9% advance
- Business investment +% vs +5.2% advance
- Corporate profits % vs -1.7% in Q1
- PCE services inflation excluding energy and housing % vs 3.3% advance
Contributors and subtrators to the 2.8% growth:
- Consumption vs +1.57% advance (last quarter +0.98%)
- investment vs +1.46% advance (last quarter +0.77%)
- Government vs +0.53% advance (last quarter +0.31)
- Net International Trade vs -0.72% advance (last quarter -0.65%)
- Inventories vs +0.82% advance (vs -0.65% last quarter)
This article was written by Adam Button at www.forexlive.com.
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