Market Review, August 2013

Publication Date: 

September 2013

Summary: 

U.S. real GDP growth in the 2nd quarter of 2013 was revised to 2.5% from 1.7%. Positive contributions to the upward revision came almost entirely from net exports, as U.S. exports’ contribution to GDP came in at the highest level since 2010. In addition to exports, U.S. GDP continues to see positive contributions from personal consumption expenditures and non-residential fixed investment. Contraction in government spending is the largest negative contribution to GDP.