BEA Release: Gross Domestic Product (Second Estimate)
https://www.bea.gov/sites/default/files/2024-08/tech2q24-2nd.pdf
US Economy Expands at Revised 3% Rate on Resilient Consumer
https://www.bloomberg.com/news/articles/2024-08-29/us-economy-expands-at-revised-3-rate-on-resilient-consumer
Gross domestic product rose at a 3% annualized rate during the April-June period, up from the previous estimate of 2.8%, according to Bureau of Economic Analysis figures published Thursday. The economy’s main growth engine — personal spending — advanced 2.9%, versus the prior estimate of 2.3%...
The other main gauge of economic activity — gross domestic income — rose a more moderate 1.3% in the government’s first estimate for the period, matching the first-quarter gain. Whereas GDP measures spending on goods and services, GDI measures income generated and costs incurred from producing those same goods and services. The average of the two growth measures was 2.1%.
https://www.bea.gov/sites/default/files/2024-08/tech2q24-2nd.pdf
https://www.bloomberg.com/news/articles/2024-08-29/us-economy-expands-at-revised-3-rate-on-resilient-consumer
Gross domestic product rose at a 3% annualized rate during the April-June period, up from the previous estimate of 2.8%, according to Bureau of Economic Analysis figures published Thursday. The economy’s main growth engine — personal spending — advanced 2.9%, versus the prior estimate of 2.3%...
The other main gauge of economic activity — gross domestic income — rose a more moderate 1.3% in the government’s first estimate for the period, matching the first-quarter gain. Whereas GDP measures spending on goods and services, GDI measures income generated and costs incurred from producing those same goods and services. The average of the two growth measures was 2.1%.