Advance Q3 reading was +2.8% annualizedSecond estimate was +2.8% annualizedFinal Q2 reading was +3.0% annualized
Details:
Consumer spending +2.8% vs +3.5% second readingConsumer spending on durables +7.6% vs +8.1% second readingGDP final sales +3.3% vs +3.0% second readingGDP deflator +1.9% vs +1.9% second readingCore PCE +2.2% vs +2.1% second readingCorporate profits after tax -0.4% vs 0.0% second readingBusiness investment (nonresidential fixed investment) +4.0%
Contributors and subtractors to growth:
Consumption: +2.48 pp vs +2.37 pp second readingGovernment: +0.86 pp vs +0.83 pp second readingNet International trade: -0.43 pp vs -0.57 pp second readingInventories: -0.22 pp vs -0.11 pp second reading
This article was written by Adam Button at www.forexlive.com.
