US 2Q GDP DATA AT 1.5% vs exp 1.4% vs prv 2%

US 2Q GDP expanded 1.5 percent vs expectations of 1.4 percent. GDP in the 1Q12 period expanded 2 percent.

Declining job markets and reduced spending by the public weighed on the expansion. Household prices which account for about 70 percent of the US economy experienced a slowdown in growth as it rose 1.5 percent vs 2.4 percent on a q/q basis.

The estimate, is the first of the three estimates for the quarter with next releases coming in August and September. (Bloomberg)

Categories: General News

Tags: , ,

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: