GDP annual revision

Third Estimate of 2nd Quarter GDP & Revisions From 2017 to Present

The Third Estimate of our 2nd Quarter GDP from the Bureau of Economic Analysis released on Thursday included an annual revision, which in this year's case revised GDP data from first quarter of 2017 through the first quarter of 2022, resulting in revisions to GDP, GDP by industry, gross domestic income, and related components.

2nd Quarter GDP Down a Record 32.9% After Revisions From 2015 to Present

The 5 year annual growth rate of personal consumption was revised down from 2.8% to 2.7%, the 5 year annual growth rate of private investment was revised up from 2.2% to 2.5%, the annual growth rate of exports was revised from 1.1% to 1.3%, the annual growth rate of imports was revised from 2.6% to 2.5%, and the growth of government investment and consumption was revised to a 1.9% rate from the 1.8% rate that had been indicated by GDP reports prior to this revision...