US GDP expended
Publish Date : 2019/09/26 - 13:14

Gross domestic product (GDP) expanded by 2.0 percent in the second quarter of 2019, according to the third estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent.

The GDP estimate released today is based on more complete source data than were available for the second estimate issued last month.

The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), federal government spending, and state and local government spending that were partly offset negative contributions from private inventory investment, exports, nonresidential fixed investment, and residential fixed investment.


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