08.29.2018
The Bureau of Economic Analysis released its second estimate of second quarter 2018 Gross Domestic Product. The advance estimate is based on data that is subject to further revision compared to the third estimate. The second estimate shows that real GDP increased at an annual rate of 4.2 percent during the second quarter of 2018 showing 0.1 percent more growth than in the advanced estimate issued last month.
The increase in real GDP in the second quarter reflected upward revisions to nonresidential fixed investment and private inventory investment that were partly offset by a downward revision to personal consumption expenditures (PCE). Imports which are a subtraction in the calculation of GDP were revised down.
The full BEA press release on the second estimate of second quarter GDP can be accessed in the link below:
The next release - for the third estimate of second quarter GDP 2018 - will be released on September 27 2018.
