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.
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).
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.
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| 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: GDP, gross_domestic_product
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posted by Steve Brown | 8/26/2016 01:06:00 PM
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