JUSA - Consumer Spending Drives Economic Recovery In The Second Quarter

• Real gross domestic product increased at a 6.5 percent annualized rate in Q2, up from a 6.3 percent pace in Q1.
• Real final sales to private domestic purchasers, a key measure of private domestic demand, rose at a very robust 9.9 percent annualized rate in Q2 following an 11.8 percent pace in Q1.
• Growth in Q2 was led by consumers. Real consumer spending overall rose at an 11.8 percent annualized rate, beating the strong 11.4 percent rate in Q1, and contributing a total of 7.8 percentage points to real GDP growth.
• Consumerprice measures also showed a rise in the second quarter. The personalconsumption price index rose at a 6.0 percent annualized rate, up from a 4.3percent pace in the first quarter.

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