by Calculated Risk on 8/27/2010 08:48:00 AM

From the BEA: Gross Domestic Product, 2nd quarter 2010 (second estimate)

The following table shows the changes from the advance release (this is the Contributions to Percent Change in Real Gross Domestic Product).

The largest downward revisions were to the change in private inventories, imports, and non-residential structure investment. Personal consumption expenditures and investment in Equipment and software were revised up.

	Advance	2nd Estimate (Revision)	Change
Percent change at annual rate:
Gross domestic product	2.4	1.6	-0.8
Percentage points at annual rates:
Personal consumption expenditures	1.15	1.38	0.23
Goods	0.79	0.82	0.03
Durable goods	0.53	0.49	-0.04
Nondurable goods	0.25	0.33	0.08
Services	0.36	0.56	0.20
Gross private domestic investment	3.14	2.75	-0.39
Fixed investment	2.09	2.12	0.03
Nonresidential	1.50	1.54	0.04
Structures	0.14	0.01	-0.13
Equipment and software	1.36	1.53	0.17
Residential	0.59	0.58	-0.01
Change in private inventories	1.05	0.63	-0.42
Net exports of goods and services	-2.78	-3.37	-0.59
Exports	1.22	1.08	-0.14
Imports	-4.00	-4.45	-0.45
Government consumption expenditures and gross investment	0.88	0.86	-0.02
Federal	0.72	0.72	0.00
National defense	0.4	0.39	-0.01
Nondefense	0.33	0.32	-0.01
State and local	0.16	0.14	-0.02