Advance GDP Estimate: 1.3% Annual Growth Rate in 2Q - Modern Distribution Management

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Advance GDP Estimate: 1.3% Annual Growth Rate in 2Q

In the first quarter, real GDP increased 0.4%.
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Real gross domestic product – the output of goods and services produced by labor and property located in the U.S. – increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the advance estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 0.4 percent.

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The Bureau emphasized that the second-quarter advance estimate is based on source data that are incomplete or subject to further revision by the source agency. The second estimate will be released Aug. 26, 2011.

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