Real gross domestic product increased at an annual rate of
1.2 percent in the second quarter of 2016
according to the "advance" estimate released by
the Bureau of Economic Analysis. In the first
quarter, real GDP increased 0.8 percent.
The Bureau emphasized that the second-quarter advance
estimate released today is based on source
data that are incomplete or subject to further revision by
the source. The "second" estimate for the second quarter, based on
more complete data, will be released on August 26, 2016.
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Friday, July 29, 2016
Second quarter 2016 GDP rose at 1.2 percent in advance estimate
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