by Calculated Risk on 7/27/2007 08:45:00 AM

From the BEA: Gross Domestic Product

As expected, PCE (personal consumption expenditures) growth slowed sharply to 1.3% in the second quarter.

The bright spots in the report: Net exports of goods and services contributed 1.18%, and government spending contributed 0.82%, and non-residential fixed investment 0.83%.

Investment in non-residential structures increased at a 22% annualized rate!

I'll post on fixed investments later today.