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The US Bureau of Economic Analysis: The latest GDP data reflects growth in three areas, including consumer spending
On July 25, real gross domestic product (GDP) grew at an annual rate of 2.8 percent in the second quarter of 2024, according to "forward" estimates released by the U.S. Bureau of Economic Analysis. Quarter 1, real GDP grew by 1.4 percent. The increase in real GDP primarily reflected growth in consumer spending, private inventory investment, and non-residential fixed investment. The increase in consumer spending reflected growth in services and goods. Among services, the largest contributors were...
2024-07-25 12:36:03
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