Friday, June 25, 2010

GDP Revised Down to 2.7%

Marketwatch details the revision from 3.2% --> 3.0% --> 2.7% Q1 GDP:

U.S. real gross domestic product for the first quarter was revised down to an increase of 2.7% annualized from the earlier estimate of a 3.0% rise, the Commerce Department said Friday. Economists surveyed by MarketWatch expected first-quarter growth to be unrevised at up 3.0%. The revision to first-quarter GDP was largely due to weaker consumer spending and a widening trade deficit.
Breakdown of Q1 GDP

Revisions from Preliminary to Final Q1 GDP

Source: BEA

1 comment:

  1. Gee, our beloved USG only missed the GDP number by 23% a couple of months ago.

    Do you think political shenanigans might be at play?