Details from the Q2 2016 US advance GDP data report 29 July 2016
– vs 4.4% exp. Prior 1.5%. Revised to 1.6%
– PCE 1.9% vs 2.0% exp. Prior 0.2%. Revised to 0.3%
Ouch on the headline. Consumer spending near expectation may save this report from being an outright stinker.