Real gross domestic product -the output of goods and services produced by labor and property in the U.S. -increased at an annual rate of 1.9% in the second quarter of 2008 (from the first quarter to the second quarter), according to advance estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.
The Bureau emphasized that the second-quarter advance” estimates are based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3). The second-quarter “preliminary” estimates, based on more comprehensive data, will be released on Aug. 28, 2008.
Advance Estimates: U.S. GDP Rises 1.9% in 2Q
Real gross domestic product -the output of goods and services produced by labor and property in the U.S. -increased at an annual rate of 1.9% in the second quarter of 2008 (from the first quarter to the second quarter), according to advance estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.
The Bureau emphasized that the second-quarter advance” estimates are based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3). The second-quarter “preliminary” estimates, based on more comprehensive data, will be released on Aug. 28, 2008.
Share this article
- Filed In: Economic Trends, Free, News, Research & Analytics, Subscriber Only
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
