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August 28, 2014US GDP Q2 2014 (SECOND ESTIMATE) According to the second estimate, US GDP (seasonally adjusted annual rate) increased by 4.2 per cent in the second quarter of 2014. This is an upward revision from the advanced estimate of 4.0 per cent increase. Contributing to the increase in GDP for the quarter were: personal consumption expenditures (PCE), private inventory investment, exports, nonresidential fixed investment, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.
Source:
US Bureau of Economic Analysis