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August 27, 2015
US GDP 2015 Q2 (SECOND ESTIMATE)

The second estimate of US GDP for Q2 2015 has the US economy growing at a  pace of 3.7per cent (all figures seasonally adjusted at annual rates), an upward revision from the advance estimate of 2.3 per cent. Growth accelerated from a the 0.6 per cent growth in the first quarter. Increases in personal consumption expenditures, exports, state and local government spending, non-residential and residential fixed investment offsetting rising imports in Q2.


Source: US Bureau of Economic Analysis