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
