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GDP |
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Column 1Released On 7/29/2016 8:30:00 AM For Q2a:2016 |
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[/table]| | | | | | | | | | | | [/table]
[/table]| | | | | | | | | | | | [/table]
[/table]| Prior| Consensus| Consensus Range|
ActualReal GDP - Q/Q change - SAAR| 1.1 %| 2.6 %| 2.2 % to 3.4 %|
1.2 %GDP price index - Q/Q change - SAAR| 0.4 %| 1.8 %| 1.0 % to 2.1 %|
2.2 %[/table]
[/table]
Recent History Of This IndicatorThe first estimate for second-quarter GDP is expected to come in at plus 2.6 percent for a sizable gain from first quarter growth of 1.1 percent which was held down by severe weakness in nonresidential fixed investment. Retail sales rose sharply in the second quarter and are expected to feed strong gains for the consumer spending component, offsetting what is expected to be continued weakness in business investment, slowing in residential investment, and slowing in inventory accumulation. The GDP price index, reflecting energy prices, is expected to accelerate sharply, to plus 1.8 percent from 0.4 percent in the first quarter.
Definition Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.[/table]
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