US Q2 GDP (second reading) +6.6% vs +6.7% expected

Coming Up!

Title text for next article

LON +1

SDNY+11

NY -4

TYO +9

GMT

The second look at Q2 2021 GDP

• The advance reading on Q2 was 6.5%
• Q1 was 6.4% annualized
• 2020 GDP was -3.4%
  
• Personal consumption +11.9% vs +11.8% advance reading
  
• GDP price index +6.1% vs +6.1% advance
• Core PCE +6.1% vs +6.1% expected
• GDP final sales vs +7.7% advance
  

Details:

• Inventories cut 1.30 pp from GDP vs -1.13 pp in advanced report
  
• Inventories cut -2.67 pp in Q1
  
• Business investment 9.3% vs +8.0% advance
  
• Business investment in equipment +11.6% vs +13.0% advance
  
• Exports  +6.6% vs +6.0% advance
  
• Imports +6.7% vs +7.8% advance
• Trade was a 0.24 pp drag vs -0.44 pp in advance report
  
• Home investment -11.5% vs -9.8% advance
• Consumer spending on durables +11.3% vs +9.9% advance
  
• Personal consumption to pp GDP vs +7.78 pp to GDP
• Government spending cut 0.33 pp vs +0.27 pp in advance report
• Full report
  

There were some better signs here on business investment and trade while the consumer data was largely unchanged.

Invest in yourself. See our forex education hub.

Viewing
Touch / Click anywhere to close

August 27, 2021 at 12:30AM
Adam Button
https://ift.tt/3kuBrug