- Prior month 0.0%
- Actual GDP elevated by 0.2% in July, following no change in June.
- Companies-producing industries grew 0.2%, led by retail commerce, public sector, and finance and insurance coverage.
- Items-producing industries edged up 0.1%, with utilities and manufacturing driving progress.
- 13 of 20 sectors expanded in July, regardless of unfavourable impacts from wildfires on transportation, warehousing, and lodging companies.
For August, the superior estimates:
- Advance info signifies that actual GDP was primarily unchanged in August. Will increase in oil and fuel extraction and the general public sector have been offset by decreases in manufacturing and transportation and warehousing. Owing to its preliminary nature, this estimate can be up to date on October 31, 2024, with the discharge of the official GDP by business knowledge for August.
This text was written by Greg Michalowski at www.forexlive.com.
