Q2 GDP +2.6

The government gave its first report on second-quarter GDP this morning. The U.S. economy grew, in real annualized terms, by 2.6% during April, May and June.

This is slightly above the trend of the expansion. The economy has grown roughly at a 2.1% to 2.2% rate over the last eight years. While the expansion has been long, it’s been unusually weak.

The government will update this figure next month and again in September. In fact, the government will probably update these figures several years from now. This morning, they updated all the GDP figures over the past three years. The old is in blue, the new is in red (real annualized and in trillions).

Posted by on July 28th, 2017 at 11:22 am

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.