Q2 GDP Revised Up to 6.6% in Second Estimate

Washington, DC, August 26, 2021-Real gross domestic product (GDP) increased at an annual rate of 6.6% in Q2 2021, according to the second estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 6.3%.

The GDP estimate released today is based on more complete source data than were available for the advance estimate issued last month. In the advance estimate, the increase in real GDP was 6.5%. The update reflects upward revisions to nonresidential fixed investment and exports that were partly offset by downward revisions to private inventory investment, residential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, were revised down.