U.S. GDP Growth in Q2 2011 At 1.3%

July 29th, 2011 by Belisarius

(For Q2 2011)

U.S. GDP growth for Q2 was reported at 1.3%; consensus was at 1.9%. Q1 2011 reading was revised +0.4% (initial reading was at 1.8%).

Large negative surprise. This proves that FY growth consensus is way too high.

This entry was posted on Friday, July 29th, 2011 at 8:26 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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