BEA News: Gross Domestic Product, Second Quarter 2022 (Advance Estimate)

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government spending.

The full text of the release can be found at: www.bea.gov/news/2022/gross-domestic-product-second-quarter-2022-advance-estimate.