📊🇺🇸 U.S. GDP Dashboard: Q2 Contracts By 0.9%

• Q2 flash U.S. GDP figures

• Second quarter durable goods real personal consumption expenditure fell by 0.01%, consumption in nondurable goods and services showed marginal upticks

• Residential fixed investment fell by 0.04%, a decline of 25.8 billion from the previous 698.7 billion, this records at the lowest since Q3 2020

• Imports of goods and services increased by 0.01%, exports were lifted by 0.04% on the quarter. However, net exports stand at -1.475 trillion, this is a rebound from the previous -1.545 trillion