Final Readings Of Us Gdp For The Second Quarter
US GDP Growth (Q2): The US economy grew by 3.0% in the second quarter, matching the initial estimates.
Previous GDP Growth (Q1): In the first quarter, the GDP growth rate was 1.4%.
GDP Price Index (Q2): The price index rose by 2.5%, slightly lower than the 3.1% increase in the first quarter.
Personal Consumption Expenditures (PCE): The PCE, an important inflation measure, increased by 2.8% in the second quarter, consistent with market expectations and the first quarter.
GDP Significance: GDP measures the total value of goods and services produced and is a key indicator of economic performance. Investors watch this closely to assess the state of the economy.
