Laserfiche WebLink
GROSS DOMESTIC PRODUCT (GDP) <br />Components of GDP 9/23 12/23 <br />3/24 6/24 <br />Personal Consumption Expenditures <br />1.7% 2.3% <br />1.3% 1.9% <br />Gross Private Domestic Investment 1.8% 0.2% <br />0.6% 1.5% <br />Net Exports and Imports -0.1% 0.1% <br />-0.6% -0.9% <br />Federal Government Expenditures 0.3% 0.0% <br />0.0% 0.3% <br />State and Local (Consumption and Gross <br />Investment) <br />1 <br />0.6% 0.6% <br />0.3% 0.3% <br />Total 4.4% 3.2% <br />Source: US Department of Commerce <br />1.6% 3.0% <br />40.0% <br />30.0% <br />20.0% <br />10.0% <br />0.0% <br />-10.0% <br />- 20.0% <br />-30.0% <br />- 40.0% <br />CM <br />CHANDLER <br />ASSET MANAGEMENT <br />Gross Domestic Product (GDP) <br />19 19 cp <br />GDP QOQ % Change <br />GDP YOY % Change <br />',-)O cl ,.I ,,) ,,) 2.)) ,a' 2Q <br />Source: US Department of Commerce <br />According to the third estimate, second quarter GDP increased at an annualized rate of 3.0%, unchanged from the prior estimate. Growth <br />continues to be powered by personal consumption expenditures. Gross fixed investment, government consumption expenditures, and <br />inventories also had positive contributions, with a negative offset by net exports. The consensus projection calls for 2.0% growth in the <br />third quarter and 2.6% growth for the full year 2024. <br />11 <br />30/87 <br />