Despite downward construction and spending revisions last month, the BEA reported second-quarter GDP came in at the consensus estimate of 3.1 percent.
Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the second quarter of 2017, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2 percent.
Real gross domestic income (GDI) increased 2.9 percent in the second quarter, compared with an increase of 2.7 percent in the first. The average of real GDP and real GDI, a supplemental measure of U.S. economic activity that equally weights GDP and GDI, increased 3.0 percent in the second quarter, compared with an increase of 2.0 percent in the first quarter.
Mike “Mish” Shedlock
obviously moar window dressing,trump continuing the mass propaganda started under the Obama regime and by driving gdp by ever increasing gov’t,ever increasing gov’t borrowing,ever increasing gov’t printing,ever increasing gov’t/central bank control/manipulation of everything
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and don’t forget the more ever increasing healthcare costs
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More fake news………………….
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Still this is all a function of highly suspect inflation numbers. We could well be doing the financial moonwalk into oblivion.
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When you manipulate numbers, you grow farther away from the reality the numbers are supposed to represent. When the numbers you manipulate are themselves manipulated, you grow further from the truth with each iteration. This is how seemingly harmless or minor manipulations, and even seemingly appropriate manipulations eventually bring you to chaos.
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