(CercleFinance.com) – Real GDP growth in the United States for the second quarter of 2023 stands at 2.1% at an annualized rate, according to a second estimate from the Commerce Department, which had announced it at 2.4% in very first reading.
The acceleration in growth, compared to a rate of 2% observed in the first quarter, is thus much weaker than initially estimated, even though Jefferies was on the contrary expecting an upward revision to 2.6% for the second quarter.
Growth in the second quarter was mainly due to higher consumer spending and business investment, which was partially offset by lower exports.
In addition, the rise in the PCE price index (still at an annual rate) for the second quarter has been revised down by 0.1 point, to +2.5% in raw data and to +3.7% excluding prices. food and energy.
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