1. Macro economic Indicators fall 2016
GDP, E, u, Price Indexes

10. GDP Second Quarter 2016 (Advance Estimate) in late July 2016, 1.2%
EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Friday, August 26, 2016
National Income and Product Accounts Gross Domestic Product: Second Quarter 2016 (Second Estimate) 1.1%
GDP Second Quarter 2016 (Advance Estimate) in late July 2016, 1.2%
Next release: September 29, 2016 at 8:30 A.M. EDT Gross Domestic Product: Second Quarter 2016 (Third Estimate)

11. The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and exports that were partly offset by negative contributions from private inventory investment, residential fixed investment, state and local government spending and nonresidential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased (table 2).

12. The acceleration in real GDP in the second quarter primarily reflected an acceleration in PCE, a smaller decrease in nonresidential fixed investment, an upturn in exports, and a smaller decrease in federal government spending. These were partly offset by a larger decrease in private inventory investment and downturns in state and local government spending, in residential fixed investment, and in imports.

13. Vintage Average Revision Without Regard to Sign (percentage points, annual rates)
Advance to second 0.5
Advance to third 0.6
Second to third 0.2
Advance to latest 1.2
Note - Based on estimates from 1993 through 2014.