U.S. GDP increases 4.2% in Q2 2018

The United States GDP increased 4.2% for the second quarter of 2018 according to the second estimate released last Wednesday by the Bureau of Economic Analysis. According to the Bureau there is no real change in the economic scene and the 0.1% change is due to a revision for the personal consumption expenditures and fixed non-residential investment.

The first GDP estimate released last month placed personal consumption expenditures at $12,847.8 billion USD in comparison to the 12,841.6 billion USD for the second estimate, lower than initially expected.

On the contrary nonresidential fixed investment turned out higher than what was initially believed going from 2,701.5 USD in the first estimate to 2,708.9 USD in last Wednesdays release.