Details of the US GDP 1st revision for Q2 2015

  • Prior 2.3%
  • Personal consumption 3.1% vs 3.1% exp. Prior 2.9%
  • Sales 3.5% vs 2.9% exp. Prior 2.4%
  • Core PCE 1.8% vs 1.8% exp. Prior 1.8%
  • PCE prices 2.2% vs 2.2% exp. Prior 2.2%
  • GDP price deflator 2.1% vs 2.0% exp . Prior 2.0%
  • Exports 5.2% vs 5.3% prior
  • Imports 2.8% vs 3.5% prior

Off the bat much better than expected and tha's going to calm the market and bring a Sep Fed hike back onto a few economists calendars

Corporate profits rise 1.3% from -7.9% prior and that could lead to some higher estimations for Q3. Government spending is another good signal as it rose 2.6% against the prelim 0.8%. Business investment also up nicely, +3.2% vs -0.6% prior

There's really not a lot here for people to moan about

US GDP details

US GDP q/q ann