Home » Advance Estimates: U.S. GDP Rises 1.9% in 2Q
Advance Estimates: U.S. GDP Rises 1.9% in 2Q
July 31, 2008
Real gross domestic product -the output of goods and services produced by labor and property in the U.S. -increased at an annual rate of 1.9% in the second quarter of 2008 (from the first quarter to the second quarter), according to advance estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.9 percent.
The Bureau emphasized that the second-quarter advance" estimates are based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3). The second-quarter "preliminary" estimates, based on more comprehensive data, will be released on Aug. 28, 2008.