BEA second estimate: real GDP rose at a 1.5% annualized rate in Q2, unchanged from the advance estimate and after a 2.1% increase in Q1. Personal consumption rose 3.4% annualized (initially 3.2%). Nonresidential fixed investment increased 8.5% annualized. Final sales to private domestic purchasers, a narrower measure of underlying demand that excludes net exports, inventories and government spending, was revised up to a 4.2% annualized gain (initially 3.9%), the strongest in over three years. Go

BEA second estimate: real GDP rose at a 1.5% annualized rate in Q2, unchanged from the advance estimate and after a 2.1% increase in Q1. Personal consumption rose 3.4% annualized (initially 3.2%). Nonresidential fixed investment increased 8.5% annualized. Final sales to private domestic purchasers, a narrower measure of underlying demand that excludes net exports, inventories and government spending, was revised up to a 4.2% annualized gain (initially 3.9%), the strongest in over three years. Government spending fell 1.0% annualized, reflecting a large drop in non‑defense outlays.