GDP revised lower.
The Q2 final reading was +2.1%
Details:
- Consumer spending +3.1% vs +3.6% prelim
- Consumer spending on durables +6.7% vs -0.3% prior
- GDP final sales +3.6% vs +3.7% prelim
- GDP deflator +3.3% vs +3.5% prelim
- Core PCE +2.0% vs +2.3% prelim
- Corporate profits +3.7% vs +4.1% prelim
- Business investment +5.2% vs +3.9% prelim
Percentage point changes:
Net trade +0.03 pp vs -0.04 pp prelim
Inventories +1.27 pp vs +1.40 pp prelim
Govt +0.99 pp vs +0.94 pp prelim
