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.
儘管面臨高利率的困境，美國經濟產出在今年第二季度經歷了強於預期的擴張，突顯了其一直以來的韌性。
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.
根據週四經濟分析局公佈的初步數據，真實國內生產總值（GDP）年化增長率在第二季度達到了2.8%，較2024年第一季度的1.4%增長加快，這表明經濟出現了強勁的增長。
Q2 GDP Report Key Highlights
Q2 GDP報告要點
- 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.
- 根據Tradingeconomics跟蹤的經濟學家預期，2.8%的增長率好於預期的2%。
- 個人消費支出（PCE）價格指數從第一季度的3.4%放緩至第二季度的2.6%，表明價格壓力下降。
- Core PCE價格指數，排除能源和食品項目，從第一季度的3.7%降至截至6月底的2.9%，高於預期的2.6%。
- 第二季度實際GDP的加速主要反映了私人庫存投資的回升和消費支出的加速。
- 從貢獻增長方面來看，消費者支出年化增長2.3%，加速自上季度的1.5%。
Weekly Unemployment Claims Report
每週失業救濟報告
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.
與此同時，勞工部報道稱，截至7月20日的那一週，每週失業救濟申請下降了10000，從245000人次下降到235000人次，低於預測的下降到238000人次。
The four-week average of weekly jobless claims — which smooths out week-on-week volatility — held broadly steady.
每週失業救濟申請的四周平均值，平滑了週週波動，基本保持穩定。
Continuing claims inched down from 1.86 million to 1.851 million.
繼續救濟下降了的從186萬人次降至185.1萬人次。
Market Reactions
市場反應
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.
美元指數追蹤Invesco Db USD Index Bullish Fund ETF (NYSE:UUP）ETF指數基金，在經濟數據週四發佈後不久上漲了0.1%。
Prior to the data, markets had assigned a full likelihood of Fed interest rate cut in September.
在數據發佈之前，市場已經完全預期了聯儲局將在9月份進行利率削減。
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.
納斯達克100期貨合約數據發佈後收窄了損失，截至美國東部時間上午8:36，納斯達克100合約持平，S&P 500合約升高了0.1%。
On Wednesday, the tech-heavy index, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ) suffered its worst day since October 2022.
週三，科技股指數Invesco QQQ Trust (NASDAQ:QQQ)遭遇自2022年10月以來最勁烈的一天。
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Photo via Shutterstock.
圖片來自shutterstock。