GDP Growth in the Second Quarter – Solid Growth


The Bureau of Economic Analysis (BEA) released its third estimate of real GDP growth for the second quarter of 2015, raising growth up 0.2 percentage points to 3.9%. The bulk of the additional growth was concentrated in personal consumption expenditures and business fixed investment. Growth was 0.6% in the first quarter.

Overall, the composition of growth looks good; strength in personal consumption and fixed investment, both residential and business; less reliance on inventory investment, government spending and trade in a slowing global economy. We expect GDP growth to slow from the current pace in the second half of the year but remain strong and keep the recovery moving forward.

blog gdp 2015_09



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