Mexican Media Brands
U.S. Economy Expanded 4.2% in Second Quarter
Real gross domestic product in the U.S. grew at an annualized 4.2% in the second quarter, up from a preliminary estimate of 4.1%. It was the strongest spurt in nearly four years.
#economics
Share
Real gross domestic product in the U.S. grew at an annualized 4.2% in the second quarter, up from a preliminary estimate of 4.1%, according to the U.S. Bureau of Economic Analysis. It was the strongest quarterly spurt in nearly four years.
The bureau attributes the additional 0.1-point gain to upward adjustments in government spending and nonresidential fixed investment, and a downward adjustment for imports.
In current-dollar terms, GDP in the second quarter grew at an annualized 7.6%.
Separately, the bureau says its estimate of growth in real gross domestic income for April-June is unchanged at 1.8%. That annualized pace compares with 3.9% in January-March.
The bureau also left unchanged its estimate that the gross domestic purchases price index rose 2.3% in the second quarter compared with 2.5% in the first three months of 2018. When volatile food and energy prices are ignored, core personal consumption expenditures grew 2.0% in the second quarter compared with 2.2% in the first quarter.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future