GDP up in Q2

The economy continued to expand in Q2 with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012, according to the Bureau of Economic Analysis.

By SoldAtTheTop,?Guest blogger / September 27, 2012

This chart shows real gross domestic product since 1999. The latest quarterly results indicate that the most notable source of weakness in the economy came from durable goods spending, according to SoldAtTheTop.

SoldAtTheTop

Enlarge

Today, the?Bureau of Economic Analysis?(BEA) released their third?"estimate" of the Q2 2012 GDP reportshowing that the economy continued to expand with real GDP increasing at a tepid annualized rate of 1.3% from Q1 2012.?

Skip to next paragraph SoldAtTheTop

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

' + google_ads[0].line2 + '
' + google_ads[0].line3 + '

'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // -->

Subscribe Today to the Monitor

Click Here for your FREE 30 DAYS of
The Christian Science Monitor
Weekly Digital Edition

On a year-over-year basis real GDP increased 2.14% while the quarter-to-quarter non-annualized percent change was 0.31%.

?
The latest quarterly results indicate that the most notable source of weakness in the economy came from durable goods spending which declined at a rate of 0.2% from Q1 2012 while government spending declined across the board.?

Other categories such as residential structures also saw notable slowing from the prior quarter registering a still respectable rate of 8.5% while non-residential fixed structures expand by just 0.6%.??

Keep in mind that these results are likely very poorly estimated and are sure to be revised notably in following quarters and even years to come.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/xNOAvy6RnCg/GDP-up-in-Q2

Fatboy Slim Rio de Janeiro Shark Week London 2012 closing ceremony Shark Week 2012 evelyn lozada UFC 150