VCG Monthly Review Aug 2015

Publication Date: 

August 2015


US economic reports in August were generally strong. Second quarter real GDP growth was revised from a 2.3% to a 3.7% annualized rate (a.r.). The revision in real GDP primarily reflected upward adjustments to Personal Consumption Expenditures (PCE), nonresidential fixed investment, state and local government spending and private inventory investment, but downward revision to imports.