Jumat, 26 Agustus 2011
Bull Trip!: GDP Report Q2 2011 (Second Rough Estimate)

On a year-over-year basis real GDP increased 1.55% while the quarter-to-quarter non-annualized percent change was 0.25%.
The latest quarterly results revealed an notable 5.1% decline in durable goods from Q1 2011 while non-durable goods showed the slowest growth since 2009 and the overall personal consumption expenditures registered the weakest showing in six quarters at 0.4%.
Government spending declined notably with the non-defense spending declining 7.5% from Q1 2011 while state and local spending declining 2.8%.
Non-residential structures supposedly expanded at an annualized rate of 15.7% from Q1 though future revisions will likely revise down this value resulting in an even weaker (possibly sub-1%) growth for the second quarter.
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