.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Friday, August 26, 2016

Gross Domestic Product (GDP) "Preliminary" Released Today for Q2, 2016

U.S. Gross Domestic Product (GDP) "preliminary" report for the second quarter of 2016 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +1.1%
Actual: +1.1%

The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.)  The "predicted" figure is what economists were expecting, while the "actual" is the actual or real figure.

  • On September 29, 2016, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data for Q2 2016.

GDP, Q2 2016, Second Estimate
GDP, Q2 2016, Second Estimate

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

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


Labels: ,


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

bing

bing

www.FedPrimeRate.com
Entire Website © 2024 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.