Redeem now The Bureau of Economic Analysis reported today that Q2 GDP was revised downward to 1.3 percent from an earlier reading of 1.7 percent.
However, that headline number gives only limited amount of information.
Here's a more detailed breakdown from today's BEA report — it's mostly ugly:
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- Consumption fell to 1.5 percent in Q2, compared with 2.4 percent in Q1
- Investment fell to 3.6 percent in Q2, compared with 7.5 percent in Q1
- Exports increased 5.3 percent in Q2, compared with 4.4 percent in Q1
- Federal spending decreased -0.2 percent in Q2, compared with -4.2 percent in Q1.
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