Need Help? (888) 742-5060

In The News:

Real U.S. GDP Up 2.1% in 2Q According to Advance Estimate

Real gross domestic productincreased at an annual rate of 2.1% in the second quarter of 2019, according to the advance estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1%.

The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment, exports, nonresidential fixed investment and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP in the second quarter reflected downturns in inventory investment, exports, and nonresidential fixed investment. These downturns were partly offset by accelerations in PCE and federal government spending.

Current-dollar GDP increased 4.6%, or $239.1 billion, in the second quarter to a level of $21.34 trillion. In the first quarter, current-dollar GDP increased 3.9%, or $201 billion.

The price index for gross domestic purchases increased 2.2% in the second quarter, compared with an increase of 0.8% in the first quarter. The PCE price index increased 2.3%, compared with an increase of 0.4%. Excluding food and energy prices, the PCE price index increased 1.8%, compared with an increase of 1.1%.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center