Q2 GDP Revised Upward Slightly in Second Estimate

Washington, DC, August 25, 2022-Real gross domestic product (GDP) decreased at an annual rate of 0.6% in Q2 2022, according to the second estimate released by the Bureau of Economic Analysis. 

In the first quarter, real GDP decreased 1.6%.

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 decrease in real GDP was 0.9%.