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Economic Data (USA)

Friday, July 28, 2006

Gross Domestic Product (GDP) "Advance" Released Today for Q2, 2006

U.S. Gross Domestic Product (GDP) numbers for the second-quarter of 2006 were released this morning by the Commerce Department's Bureau of Economic Analysis:

Consensus: 3.2%
Actual: 2.5%

The above percentages represent the quarter-to-quarter change in the Gross Domestic Product for the United States. The "consensus" is what economists and Wall Street forecasters were expecting, while the "actual" is the actual or real figure.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy.

The "advance" estimates are based on data that are incomplete or subject to future revision. Next month, the Commerce Department will release "preliminary" data for the above referenced quarter, which will be a more accurate report. A "final" GDP report will be released later this year, which will contain the most authoritative data on the above-referenced quarter.

Click here to view the full Commerce Department report (PDF).



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