The GDP Revision Polka: Revised Q2 GDP 1.7%, Up From Downward Revision Of 1.1%

Confounded Interest ^ | 07/31/2013 | Anthony B. Sanders

[whitedog57]

Revised Q2 GDP printed at 1.7% and that was higher than expected (1.0%), but lower than the previous print of 1.8%. And that print of 1.8% was revised downward to 1.1%.

realgdp17

The GDP revision polka (pre- and post-revisions):

GDP pre post revision

Personal consumption growth, a large piece of real GDP, slowed to 1.8% in Q2 from a downward-revised 2.3% in Q1, also beating economists’ consensus estimate of 1.6% growth.

pce073113

The personal saving rate (personal saving as a percentage of disposable personal income) was 4.5 percent in the second quarter, compared with 4.0 percent in the first quarter.

Residential investment rose 13.4% while nonresidential structures rose 6.8%. gdp2q13_adv

Here is a table of the relevant GDP changes.

GDP revision

The GDP revision polka!

PolkaCantDie2

[whitedog57]

This is an economic recovery?????????

[fwdude]

More fun with numbers. Ages 3 and under.

[Da Coyote]

Math is easy for liberals.

Two plus two equals six as two approaches three.

[traderrob6]

Related...

http://exposingtheleft.blogspot.com/2013/07/us-economy-finds-momentum-in-second.html