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Thursday, September 29, 2016

US second quarter GDP (third reading) +1.4% vs +1.3% expected

  • The second reading was +1.1%
  • Economist estimates ranged from +0.9% to +1.7%
The second quarter is something close to ancient history at this point.
Details:
  • Personal consumption 4.3% vs 4.4% in second reading
  • GDP price index 2.3% vs 2.3% in second reading
  • Core PCE q/q 1.8% vs 1.8% in second reading
  • Exports +1.8% vs +1.2% in second reading
  • Imports +0.2% vs +0.3% in second reading
The upward revision is largely trade-related.

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