9:46 a.m.
Friday, 21 July 2017

United States GDP increased 1.5% in second quarter

El Centro, California, July 27.- Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.5 percent in the second quarter of 2012, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.

  The Bureau emphasized that the second-quarter advance estimate released today is based on

source data that are incomplete or subject to further revision by the source agency. The "second" estimate for the second quarter, based on more complete data, will be released on August 29, 2012.

The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, private inventory investment, and residential fixed investment that were partly offset by a negative contribution from state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.

  The deceleration in real GDP in the second quarter primarily reflected a deceleration in PCE, an

acceleration in imports, and decelerations in residential fixed investment and in nonresidential fixed investment that were partly offset by an upturn in private inventory investment, a smaller decrease in federal government spending, and an acceleration in exports.

  Motor vehicle output added 0.13 percentage point to the second-quarter change in real GDP after

adding 0.72 percentage point to the first-quarter change. Final sales of computers subtracted 0.07 percentage point from the second-quarter change in real GDP after adding 0.02 percentage point to the first-quarter change.

  The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 0.7 percent in the second quarter, compared with an increase of 2.5 percent in the first.

Excluding food and energy prices, the price index for gross domestic purchases increased 1.4 percent in the second quarter, compared with an increase of 2.4 percent in the first.

Publicidad

Ir a Descanso PROMOCASA
Current edition
Ir a las noticias