Grounded in BEA Q2 Second Estimate (+1.5% QoQ Annualized)
BEA Release: 2nd Reading
Headline Real GDP
+1.50%
Annualized QoQ Print
Real Final Sales
+1.85%
Domestic Demand (Ex-Inventories)
Inventory Drag / Boost
-0.35 pts
Change in Private Inventories
Core Driver
PCE (+1.29 pts)
68% of Total Macro Weight
Revision Stage & Sliders
Macro Takeaway: Headline GDP stands at +1.50%, but underlying domestic demand (Real Final Sales) is stronger at +1.85% due to a -0.35 pt inventory drawdown drag.