GDP - slight miss Released On 9/26/2013 8:30:00 AM For Q2:13 Prior Consensus Consensus Range Actual Real GDP - Q/Q change - SAAR 2.5 % 2.7 % 2.4 % to 3.1 % 2.5 % GDP price index - Q/Q change - SAAR 0.8 % 0.8 % 0.7 % to 0.8 % Highlights The third estimate for real GDP growth for the second quarter was left unchanged at an annualized rate of 2.5 percent compared to the second estimate and compared to a fourth quarter rise of 1.1 percent. Expectations were for 2.2 percent.
Final sales of domestic product were revised up to 2.1 percent from the second estimate of 1.9 percent. This series increased 0.2 percent in the first quarter. Final sales to domestic producers (which exclude net exports) also were bumped up to 2.1 percent versus the second estimate of 1.9 percent. This followed a 0.5 percent gain in the first quarter.
Headline inflation for the GDP price index was revised down to 0.6 percent compared to the second estimate of 0.8 percent annualized inflation rate. When excluding food and energy, inflation for the second quarter was nudged down to 0.9 percent from the second estimate of 1.1 percent annualized.
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