US GDP grows more than expected in April-June - highlights strong demand

Updated 2024/7/25 22:49 JST
Preliminary GDP value, 2.8% annual increase from the previous fiscal year - confirmed value for the previous fiscal year increased 1.4%
The PCE core price index rose 2.9%, lower than the previous fiscal year but higher than expected

The growth of the US economy accelerated more than expected in April-June (second quarter). The situation where demand is holding up despite being pressured by rising borrowing costs has come to light.
The preliminary real gross domestic product (GDP) value increased 2.8% per annum from the previous fiscal year
The market forecast is for a 2% increase
January-March (1st quarter) fixed value increased 1.4%
Consumer spending increased 2.3%, better than expected