GDP Released On 8/28/2014 8:30:00 AM For Q2p:2014 Prior Consensus Consensus Range Actual Real GDP - Q/Q change - SAAR 4.0 % 4.0 % 3.7 % to 4.1 % 4.2 % GDP price index - Q/Q change - SAAR 2.0 % 2.0 % 2.0 % to 2.1 % 2.1 % Highlights The second estimate for second quarter GDP growth came in a little stronger than expected, rising 4.2 percent annualized versus a 4.0 percent forecast and coming off a 2.1 percent weather related drop in the first quarter. With this second estimate for the second quarter, the general picture of economic growth remains the same; the increase in nonresidential fixed investment was larger than previously estimated, while the increase in private inventory investment was smaller than previously estimated
Chain-weighted prices gained 2.1 percent annualized, compared to the consensus for 2.0 percent and the first quarter number of 1.3 percent.
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