GDP and the Economy - Second Estimates for the Second Quarter of 2012

摘要

REAL GROSS domestic product (GDP) increased at an annual rate of 1.7 percent in the second quarter of 2012, according to the second estimates of the national income and product accounts (NIPAs) (chart 1 and table 1). The second estimate of real GDP growth was revised up 0.2 percentage point from the advance estimate, reflecting a downward revision to imports and upward revisions to consumer spending, to exports, and to state and local government spending that were partly offset by downward revisions to inventory investment and to nonresidential fixed investment. In the first quarter, real GDP increased 2.0 percent.