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Friday, July 28, 2017

US Q2 advance GDP +2.6% annualized vs +2.7%

The first look at second quarter growth numbers for 2017 - Q1 was 1.4% (prior was +1.2%) - Personal consumption 2.8% vs 2.8% exp - Prior personal consumption +1.1% (revised to +1.9%) Lots of moving parts here. The negative revision to Q1 stands out because it came despite a big upward revision to personal consumption.
US Q2 advance GDP +2.6% annualized vs +2.7%

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