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Thursday, 08/26/2010 5:30:01 PM

Thursday, August 26, 2010 5:30:01 PM

Post# of 2804248
GDP
Released on 8/27/2010 8:30:00 AM For Q2p
Prior Prior Consensus Consensus Range
Real GDP - Q/Q change - SAAR 2.4 % 1.3 % 1.0 % to 1.5 %
GDP price index - Q/Q change - SAAR1.8 %1.8 % 1.6 % to 1.8 %

Market Consensus Before Announcement
GDP growth for the second quarter came in at an annualized 2.4 percent for the initial estimate and followed a revised first quarter gain of 3.7 percent. Final sales of domestic product gained an annualized 1.3 percent in the second quarter, following a 1.1 percent rise the prior quarter. However, this measure includes weakness from the widening in net exports. Real final sales to domestic purchasers rose 4.1 percent, compared to a 1.3 percent gain in the first quarter. Economy-wide inflation accelerated in the second quarter as the GDP price index rose an annualized 1.8 percent, following a 1.0 percent in the first quarter. The acceleration in prices was due to the impact from net export components as domestic price inflation actually remained subdued.

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