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Real GDP Growth Revised Down, but Household Spending Revised up in the Second Quarter

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 26, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The American economy grew by 1.1% (annualized) according to the BEA's second estimate, a notch below its preliminary estimate (1.2%), but on par with the consensus expectation. Despite the downward revision to the headline, the details were generally positive on the state of private domestic demand. Consumer spending was revised up[​IMG]

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