InvestorsHub Logo
Followers 119
Posts 77595
Boards Moderated 4
Alias Born 05/26/2004

Re: Zephyr post# 588315

Thursday, 08/28/2014 8:53:11 AM

Thursday, August 28, 2014 8:53:11 AM

Post# of 704570
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.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.