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Zephyr

06/26/13 8:41 AM

#599714 RE: Zephyr #599713

GDP
Released On 6/26/2013 8:30:00 AM For Q1:13
Prior Consensus Consensus Range Actual
Real GDP - Q/Q change - SAAR 2.4 % 2.4 % 2.1 % to 2.6 % 1.8 %
GDP price index - Q/Q change - SAAR 1.1 % 1.1 % 1.1 % to 1.2 % 1.2 %
Highlights
Real GDP growth for the first quarter was unexpectedly revised down significantly. Growth posted at 1.8 percent versus the second estimate of 2.4 percent. The biggest downward revision was to personal consumption.

Final sales of domestic product came in with a revised gain of 1.2 percent versus the second estimate of 1.8 percent. Final sales to domestic producers (which exclude net exports) were bumped down to 1.3 percent for the third estimate from the prior estimate of 1.9 percent.

Headline inflation for the GDP price index was nudged up to 1.2 percent from the second estimate of 1.1 percent. When excluding food and energy, inflation was revised to 1.7 percent, compared the previous estimate of 1.6 percent.