US Gross Domestic Product Annualized: 1.7% in 2Q

Jul 31, 2013

US: GDP expanded 1.7% YoY in Q2

The Commerce Department has informed that the US economic activity has expanded at an annual pace of 1.7% during the second quarter, surpassing estimates at 1.2% and up from 1.1% in the previous quarter...

US: PCE came in flat in Q2

The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, posted no variation during the second quarter. The Core reading, which strips the food and energy costs, rose 0.8% QoQ....