The Commerce Department’s final revision of second-quarter gross domestic product, the broadest measure of economic output, showed that economic growth was unchanged from the second estimate, holding at an annualized rate of 2.1%.
However, consumer spending, America’s economic engine, was revised much lower, to a 0.8% annualized rate, according to data released Thursday. That’s down from the 1.7% rate reflected in the previous estimate. Spending in the second quarter grew at its weakest pace since the first quarter of 2022, when it was flat.
Thursday’s hefty revision on spending shows that Americans pared back their spending from the beginning of the year much more than previously thought. Consumer spending accounts for about 70% of economic output. US consumers spent less on services and nondurable goods, which are products meant to last a short while, such as clothes, cleaning supplies and beauty products.
The second quarter stretches from April through June, but the Commerce Department releases consumer spending figures on a monthly basis. In July, consumer spending jumped a robust 0.8%, the strongest monthly gain since January, as shoppers spent on concerts, films, toys and recreational equipment. Spending figures for August will be released Friday.
article from: CNN business
https://www.cnn.com/2023/09/28/economy/q2-gdp-final-estimate/index.html/
- 米商務省が28日発表した実質国内総生産(GDP)は、2020年、21年、22年の各第1・四半期がそれぞれ下方改定された。主に個人消費の下振れが要因。
20年第1・四半期のGDPは年率換算で前期比5.3%減に下方改定。前回発表は4.6%減だった。ただ、20年通年では第3・四半期と第4・四半期が好調だったことから2.2%減と、0.6%ポイント上方改定された。
21年第1・四半期は5.2%増と、前回発表の6.3%増から下方改定。個人消費が下方修正された。通年の成長率は5.8%と、前回発表の5.9%から引き下げられた。州・地方政府支出、連邦政府支出、非住宅設備投資が下方修正された。
22年第1・四半期は2.0%減と、前回発表の1.6%減から下方改定。個人消費は1.3%増から横ばいとなった。通年のGDPは0.2%ポイント下がり1.9%増。個人消費、在庫投資、州・地方政府支出、輸出が下方修正、輸入は上方修正された。
引用元:ロイター通信
https://jp.reuters.com/business/PBVMMQAIDBMALPEU25LVO3ETUQ-2023-09-28/