U.S. Q2 GDP Growth Revised To 1.6%

I was unable to post this on Friday…so I’m posting it now, just for the record…

U.S. GDP Q2 growth was revised from 2.4% to 1.6%. The consensus was at 1.3%, Q1 reading was at 2.7%. Revision not as big as expected, but the slowdown is materializing in official data.

Chart 1. U.S. Real GDP & Percent Change

Source: BEA

This entry was posted on Monday, August 30th, 2010 at 1:33 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 

Get Adobe Flash player