US Economy Expands 2.8% In Q2, Tops Estimates; Weekly Jobless Claim Fall
US Economy Expands 2.8% In Q2, Tops Estimates; Weekly Jobless Claim Fall
The U.S. economic output experienced stronger-than-expected expansion in the second quarter of the year, highlighting the resilience that has long characterized the economy despite the burden of high interest rates.
尽管面临高利率的困境，美国经济产出在今年第二季度经历了强于预期的扩张，突显了其一直以来的韧性。
The annualized growth rate of the real gross domestic product (GDP) was 2.8% in the second quarter, marking a robust acceleration from the 1.4% growth seen in the first quarter of 2024, according to the advance reading Thursday from the Bureau of Economic Analysis.
根据周四经济分析局公布的初步数据，真实国内生产总值（GDP）年化增长率在第二季度达到了2.8%，较2024年第一季度的1.4%增长加快，这表明经济出现了强劲的增长。
Q2 GDP Report Key Highlights
Q2 GDP报告要点
- The 2.8% growth rate positively surprised economist expectations of a 2% growth, as tracked by Tradingeconomics.
- The Personal Consumption Expenditure (PCE) price index slowed from 3.4% in the first quarter to 2.6% in the second quarter, indicating falling price pressures.
- The Core PCE price index, which excludes energy and food items, eased from 3.7% in the first quarter to 2.9% in the quarter ending June, above the expected 2.6%.
- The acceleration in real GDP in the second quarter primarily reflected an upturn in private inventory investment and an acceleration in consumer spending.
- Looking at the major contributions to growth, consumer spending grew at 2.3% annualized rate, accelerating from 1.5% in the previous quarter.
- 根据Tradingeconomics跟踪的经济学家预期，2.8%的增长率好于预期的2%。
- 个人消费支出（PCE）价格指数从第一季度的3.4%放缓至第二季度的2.6%，表明价格压力下降。
- Core PCE价格指数，排除能源和食品项目，从第一季度的3.7%降至截至6月底的2.9%，高于预期的2.6%。
- 第二季度实际GDP的加速主要反映了私人库存投资的回升和消费支出的加速。
- 从贡献增长方面来看，消费者支出年化增长2.3%，加速自上季度的1.5%。
Weekly Unemployment Claims Report
每周失业救济报告
Simultaneously, the Labor Department reported a drop in weekly unemployment claims for the week ending July 20. Initial claims fell from 245,000 to 235,000, below the predicted decline to 238,000.
与此同时，劳工部报道称，截至7月20日的那一周，每周失业救济申请下降了10000，从245000人次下降到235000人次，低于预测的下降到238000人次。
The four-week average of weekly jobless claims — which smooths out week-on-week volatility — held broadly steady.
每周失业救济申请的四周平均值，平滑了周周波动，基本保持稳定。
Continuing claims inched down from 1.86 million to 1.851 million.
继续救济下降了的从186万人次降至185.1万人次。
Market Reactions
市场反应
The U.S. dollar index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), rose 0.1% minutes after the economic data releases Thursday.
美元指数追踪Invesco Db USD Index Bullish Fund ETF (NYSE:UUP）ETF指数基金，在经济数据周四发布后不久上涨了0.1%。
Prior to the data, markets had assigned a full likelihood of Fed interest rate cut in September.
在数据发布之前，市场已经完全预期了美联储将在9月份进行利率削减。
Futures on major U.S. indices trimmed losses after the GDP data. Contracts on the Nasdaq 100 were flat by 8:36 a.m. ET, while those on the S&P 500 were 0.1% higher.
纳斯达克100期货合约数据发布后收窄了损失，截至美国东部时间上午8:36，纳斯达克100合约持平，S&P 500合约升高了0.1%。
On Wednesday, the tech-heavy index, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ) suffered its worst day since October 2022.
周三，科技股指数Invesco QQQ Trust (NASDAQ:QQQ)遭遇自2022年10月以来最劲烈的一天。
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Photo via Shutterstock.
图片来自shutterstock。