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US Q2 GDP (second look) +2.1% vs +2.4% expected

The advance Q1 reading was +2.4%Final Q1 reading was +2.0% annualizedQ4 was +2.6% annualizedDetails:Consumer spending +1.7% vs +1.6% advanceConsumer spending on durables -0.3% vs +16.3% priorGDP final sales +2.2% vs +2.3% advanceGDP deflator +2.0% vs +2.2% advanceCore PCE +3.7% vs +3.8% advanceExports -10.6 vs -10.8% advanceImports -7.0% vs -7.8% advance Business investment +3.9% vs +4.9% advanceCorporate profits +1.6% vs -5.9%No changes on any of the metrics were expected.Percentage point cha... Read More

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Posted: Aug 30 2023, 12:30

Author Name: forexlive

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