Friday, August 27, 2010

Q2 real GDP revised down to 1.6% annualized growth rate

by Calculated Risk on 8/27/2010 08:48:00 AM

From the BEA: Gross Domestic Product, 2nd quarter 2010 (second estimate)

The following table shows the changes from the advance release (this is the Contributions to Percent Change in Real Gross Domestic Product).

The largest downward revisions were to the change in private inventories, imports, and non-residential structure investment. Personal consumption expenditures and investment in Equipment and software were revised up.

 Advance2nd Estimate (Revision)Change
Percent change at annual rate:   
Gross domestic product2.41.6-0.8
Percentage points at annual rates:   
Personal consumption expenditures1.151.380.23
Goods0.790.820.03
Durable goods0.530.49-0.04
Nondurable goods0.250.330.08
Services0.360.560.20
Gross private domestic investment3.142.75-0.39
Fixed investment2.092.120.03
Nonresidential1.501.540.04
Structures0.140.01-0.13
Equipment and software1.361.530.17
Residential0.590.58-0.01
Change in private inventories1.050.63-0.42
Net exports of goods and services-2.78-3.37-0.59
Exports1.221.08-0.14
Imports-4.00-4.45-0.45
Government consumption expenditures and gross investment0.880.86-0.02
Federal0.720.720.00
National defense0.40.39-0.01
Nondefense0.330.32-0.01
State and local0.160.14-0.02