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CAI Gross Domestic Product (GDP) <br />Components of GD °% <br />9/16 <br />12/16 <br />3/17 <br />6/17 <br />Personal Consumption Expenditures <br />1.9% <br />2.0% <br />L3% <br />2.3% <br />Gross Private Domestic Investment <br />0.4% <br />1.3% <br />-0.2% <br />0.6% <br />Net Exports and Imports <br />0.4% <br />-1.6% <br />0.2% <br />0.2% <br />Federal Government Expenditures <br />0.1% <br />0.0% <br />-0.2% <br />0.1% <br />State and Local (Consumption and Gross <br />Investment) <br />0.0% <br />0.1% <br />0.1% <br />-0.2% <br />Total <br />2.8% <br />1.8% <br />1.2% <br />3.0% <br />Source: US Department of Commerce <br />6.0% <br />5.0% <br />4.0% <br />3.0% <br />2.0% <br />1.0% <br />0.0% <br />-1.0% <br />Gross Domestic Product (GDP) <br />1fLhiI1tTi11Ifi7 <br />GDP QOQ % Change <br />GDP YOY % Change <br />-2.0% <br />'42, pec, c44 pec ✓47 600, '42,pec, '4/4pec, "44 600, `74,4 <br />77 77 72 72 7,27.2 71?Q 76. 7s, 76,76 7) <br />Source: US Department of Commerce <br />Second quarter GDP grew at an annualized pace of 3.0%, according to the second estimate, following growth of 1.2% in the first <br />quarter. Second quarter GDP growth was revised up four tenths from the advance estimate of 2.6% and was higher than expected. The <br />upward revision was led by consumer spending and business investment. The consensus forecast currently calls for GDP growth of <br />about 2.5% in the third quarter. <br />