Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 29, 2012 15:28:48

U.S. - revision of GDP growth in 2Q improved forecasts on the growth of 1.7%, the growth of corporate profits

According to revised data, U.S. GDP grew in 2Q this year on an annual basis by 1.7% and fulfilled the expectations of the market, which generally ranged +1.2 - +2.2%. The preliminary estimates, reported an increase of 1.5%. In 1Q GDP grew by 2%.

Consumer spending, which cater to about 70% of total GDP, grew by 1.7% compared to pre-notified of growth of 1.5%. Despite the increase, the result of growth for 2Q in this respect, the lowest in the last year. Expenses are accounted for 1.2% GDP growth. Upward revision reflects higher costs for services, energy and fuel.

Disposable incomes of Americans in 2Q adjusted for the effects of inflation rose by 3.1% compared to 3.7% in 1Q.

Savings rate in 2Q rose to 4% from 3.6% in 1Q.

Salaries and wages rose in 2Q 56.1 mld.USD, which is less than originally estimated 56.4 mld.USD. In Q1 revenues grew by 133.5 mld.USD.

Corporate profits in 2Q rose by 0.5% compared to a decline of 2.7% in 1Q. Compared to the company improved by 6.1%.

Corporate investment in 2Q grew only by 4.7%, which was the weakest level since 3Q09. The preliminary report was originally featured an increase of 7.2%. In 1Q corporate investment grew by 5.4%.

The trade balance in 2Q stagnated growth in residential construction by 9.7% was revised to 8.9%.

Stocks in 2Q mld.USD decline from 56.9 in Q1 to 49.9 mld.USD. In a preliminary reading of supplies to support overall GDP 0.32%, in the revision of the 0.23% it stepped down.

Production of motor vehicles in 2Q promote overall GDP 0.18 percent. In 1Q while contributing solid 0.72%.

Number of employees in 2Q on average grew by 73 000, against 226,000 in 1Q.
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US - revize vývoje HDP ve 2Q vylepšila předběžné odhady na růst o 1,7%, růst firemních zisků

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