Third reading: US Q2 GDP +3.1% vs +3.0% expected

• First estimate was +2.6%
• Second estimate was +3.0%
• Personal consumption +3.3% vs +3.3% second estimate
• GDP price index 1.0% vs +1.0% second estimate
• Core PCE q/q +0.9% vs +0.9% second estimate

Details:

• Imports +1.5% vs +1.6% prior
• Exports +3.5% vs +3.7% prior
• Home investment -7.3% vs -6.5% prior

There's a slight uptick in the headline, which is a bit of good news for growth. The bad news is that corporate profits after tax were revised to +0.1% from