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US monthly GDP up 0.2% in June 2022: S&P Global

U.S. gross domestic product (GDP) increased by 0.2% in June 2022, although declines were observed in five of the previous seven months, financial information services provider S&P Global said. I’m here. June’s GDP gains were driven by positive contributions from net exports and consumer spending, and a significant negative contribution from residential investment.

According to S&P Global Market Intelligence, S&P’s Monthly U.S. GDP Index (MGDP) is a monthly marker for real gross production that conceptually coincides with real GDP in national income accounts and product accounts.

US GDP increased by 0.2% in June 2022, but declined in five of the previous seven months. June’s GDP gains were driven by positive contributions from net exports and consumer spending, and a significant negative contribution from residential investment.

According to a recent report, US GDP in June was 0.5% higher on an annualized basis than the second quarter average. Ben Herzon, Executive Director, Research Advisory Specialty Solutions, S&P Global Market Intelligence When William Magee, The Economist, Economics & Country Risk, S&P Global Market IntelligenceAnnual US GDP growth in the third quarter was 0.6%, according to S&P’s latest forecast, with monthly US GDP trending roughly flat for July, August and September. In addition, May 2022 US GDP was adjusted higher by 0.1 percentage points.

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US monthly GDP up 0.2% in June 2022: S&P Global

Source link US monthly GDP up 0.2% in June 2022: S&P Global

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