Residential investment continued to drag on GDP growth in the second quarter, according to the latest estimates by the Bureau of Economic Analysis.
  ;
Real gross domestic product -the output of goods and services produced by labor and property located in the U.S. -increased at an annual rate of 4% in the second quarter of 2007, according to preliminary estimates.
  ;
In the first quarter real GDP increased 0.6%.
  ;
These GDP estimates are based on more complete source data than were available for the advance estimates released last month. In the advance estimates, the increase in real GDP was 3.4%.
  ;
The increase in the second quarter reflects positive contributions from personal consumption expenditures (PCE) for services, exports, …
Housing Drags on 2Q GDP
Residential investment continued to drag on GDP growth in the second quarter, according to the latest estimates by the Bureau of Economic Analysis.
  ;
Real gross domestic product -the output of goods and services produced by labor and property located in the U.S. -increased at an annual rate of 4% in the second quarter of 2007, according to preliminary estimates.
  ;
In the first quarter real GDP increased 0.6%.
  ;
These GDP estimates are based on more complete source data than were available for the advance estimates released last month. In the advance estimates, the increase in real GDP was 3.4%.
  ;
The increase in the second quarter reflects positive contributions from personal consumption expenditures (PCE) for services, exports, …
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