Real GDP increased at 3.7% in 2Q
Real gross domestic product increased at an annual rate of 3.7 percent in the second quarter of 2015, according to the "second" estimate released by the Bureau of Economic Analysis.
In the first quarter, real GDP increased 0.6 percent.
The GDP estimate released today is based on more complete source data than were available for
the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.3
percent. With the second estimate for the second quarter, nonresidential fixed investment and private
inventory investment increased. With the advance estimate, both of these components were estimated to
have slightly decreased.
The increase in real GDP in the second quarter reflected positive contributions from personal
consumption expenditures (PCE), exports, state and local government spending, nonresidential fixed
investment, residential fixed investment, and private inventory investment. Imports, which are a
subtraction in the calculation of GDP, increased.
The acceleration in real GDP in the second quarter reflected an upturn in exports, an acceleration
in PCE, a deceleration in imports, an upturn in state and local government spending, and an acceleration
in nonresidential fixed investment that were partly offset by decelerations in private inventory
investment, in federal government spending, and in residential fixed investment.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
