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.

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