BEA to Release Third 2Q GDP Estimate After 1.5% Growth Reading
Updated
Updated · Yahoo Finance · Oct 1
BEA to Release Third 2Q GDP Estimate After 1.5% Growth Reading
3 articles · Updated · Yahoo Finance · Oct 1
Summary
The Bureau of Economic Analysis is due to publish its third estimate of second-quarter U.S. GDP later Thursday, updating the government's reading on economic output.
The prior, second estimate showed the economy growing at a 1.5% annualized rate in 2Q, setting the baseline for any revision.
Consumer spending was a key support in that report: personal consumption expenditures rose 3.4%, rebounding from 0.5% in the prior quarter.
The release will indicate whether U.S. growth and household demand were stronger or weaker than previously reported for the quarter.