The gross domestic product (GDP) of the United States increased by an annualized 3.3% in the second quarter of this year compared to the previous quarter, according to preliminary estimates released on the 28th (local time). The GDP preliminary figure is calculated based on additional economic indicators that were not included in the initial report.
This figure is 0.3 percentage points higher than the preliminary figure (3.0%) announced last month and exceeds the expert forecast (3.1%) compiled by Dow Jones. In particular, compared to the 1st quarter's preliminary growth rate of -0.5%, this marks a significant rebound.
The U.S. Department of Commerce cited a decrease in imports and an increase in consumption as reasons for the upward adjustment. However, it also noted that a reduction in investments has offset some of the growth.
Meanwhile, the increase rate of private expenditure, defined as 'final sales to domestic purchasers,' recorded 1.9%. This figure is 0.7 percentage points higher than the preliminary estimate.