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Real US GDP rises at annual rate of 2.1% in Q2 2023: BEA 3rd estimate

29 Sep '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Real US GDP rose at an annual rate of *.* per cent in the second quarter (Q2) this year, says the third estimate by the Bureau of Economic Analysis.
  • In the second estimate issued last month, the increase was also *.* per cent.
  • Real gross domestic income rose by *.* per cent in Q2.
  • Profits of domestic financial corporations decreased by $****.* billion in Q2.

Real GDP increased by *.* per cent in Q*, as per the revised estimate.

The increase in real GDP reflected increases in non-residential fixed investment, consumer spending, and state and local government spending that were partly offset by a decrease in exports. Imports decreased, BEA said in a release.

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