Zero Hedge

[T]he Commerce department reported Q2 GDP which blew estimates out of the water, printing at 4.0%, above the declining 3.0% consensus, as a result of a surge in Inventories and Fixed Investment, both of which added over 2.5% of the total print, while exports added another 1.23% to the GDP number. The full breakdown by component is shown below. 

As the BEA noted, “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 agency. The “second” estimate for the second quarter, based on more complete data, will be released on August 28, 2014.”

Read more

1NwbcG8QjoCxYZnXDBgx7ZiuZqxKrQYgQ7

If you enjoy reading the information we bring you, please consider donating to WTF News via Bitcoin. Any donations are appreciated and go directly to expanding our capabilities.