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Analysts were somewhat dismissive of the US GDP data
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Analysts were somewhat dismissive of the US GDP data

And in the second quarter, US gross domestic product increased slightly more than it did in the first quarter, but less than previously calculated, according to a report released Wednesday by the Bureau of Economic Analysis (BEA), the University of Washington’s statistical institute. Trade department.

In the second quarter, the gross domestic product of the United States increased by 2.1 percent compared to the same period of the previous year

Based on BEA second grade. The first estimate showed an increase of 2.4 percent.

In the first quarter, the US gross domestic product grew by 2.0 percent year on year.

The first estimate had to be revised downward due to a review of inventory investments and non-residential fixed asset investments. This has been partially offset by upward revisions to state and local government spending.

From April to June, growth in consumer expenditures fell to 1.7 percent from 4.2 percent in the first quarter, and growth in government expenditures to 3.3 percent from 5.0 percent.

Non-residential fixed asset investments rose by 6.1 percent, compared to 0.6 percent in the first quarter. Fixed asset investment for housing purposes fell for the ninth consecutive quarter, by 3.6 percent now, and by 4.0 percent in the first quarter.

Exports fell by the most since the outbreak of the COVID-19 epidemic in the second quarter of 2020: by 10.6 percent after an increase of 7.8 percent in the first quarter.

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