September 27, 2007

Final GDP Growth for Second Quarter: 3.8%

Filed under: Economy,Taxes & Government — Tom @ 8:42 am

- The advance estimate in July was 3.4%.
- The preliminary estimate in August was 4.0%.

Expectations are for a slight pullback to 3.8% (scroll down most of the way) or 3.9%.

Final Result: 3.8%

Most valuable contributor: Nonresidential construction, up 27.7% (annualized)

Biggest drag: Residential construction, down 11.6% (annualized)

Overall: a good quarter, after four mediocre ones.

Looking ahead: Old Media’s preconceived notion that the 3rd quarter has slipped significantly is by no means a foregone conclusion.



  1. If the economy is doing so poorly as the MSM claims, then why did tax receipts increase by $96 billion from the 4th qtr of 2006 to the 2nd qtr of 2007?? On Oct 31 we should have preliminary info on the 3rd qtr. update table to included 2007.

    Comment by dscott — September 27, 2007 @ 9:21 am

  2. Also, the ISM reports are all in pretty decent expansion mode, and car sales (except Ford) have picked up.

    Comment by TBlumer — September 27, 2007 @ 9:32 am

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