Second Quarter GDP Revised Up to 4.2 percent

Real GDP grew at a seasonally adjusted annual rate of 4.2 percent during the second quarter of 2018, according to the Bureau of Economic Analysis’s second estimate, up from 4.1 percent in the “advance” estimated. The general picture of economic growth remained the same.

The percent change primarily reflected an upward revision to fixed investment and net exports, slightly offset by a downward revision to personal consumption.

Private inventories and government consumption expenditures and investment were unchanged in the second estimate.

Read the BEA release.

About Jack McCabe

Jack McCabe is a research associate in the Economic Policy and Research group at the ABA.
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