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US GDP annualised upward 6.5pc in Q2: Commerce Department
来源：Shipping News Headlines 编辑：编辑部 发布：2021/08/05 14:06:35
US gross domestic product expanded at a 6.5 per cent annualized rate following a revised 6.3 per cent in the first quarter, according to the Commerce Department's preliminary estimate, reported Bloomberg.
Personal consumption, the biggest part of the economy, advanced an annualised 11.8 per cent. The inflation-adjusted value of domestically produced goods and services climbed to an annualised US$19.36 trillion, eclipsing its pre-pandemic peak.
The median forecast in a Bloomberg survey of economists called for an 8.4 per cent increase in second-quarter GDP.
The report showed the saving rate dropped to 10.9 per cent in the second quarter from 20.8 per cent, indicating Americans are spending cash built up during the pandemic.
Personal consumption, the biggest part of the economy, advanced an annualised 11.8 per cent. The inflation-adjusted value of domestically produced goods and services climbed to an annualised US$19.36 trillion, eclipsing its pre-pandemic peak.
The median forecast in a Bloomberg survey of economists called for an 8.4 per cent increase in second-quarter GDP.
The report showed the saving rate dropped to 10.9 per cent in the second quarter from 20.8 per cent, indicating Americans are spending cash built up during the pandemic.