There was another tepid estimate of Q2 GDP. Consumer spending slowed in August, but consumer sentiment jumped in September.
Modest Q2 GDP Gains, Consumers Grow More Confident: What We Learned During the Week of September 26 – 30
Smaller Q2 GDP Estimate, Perhaps Improvement in July: What We Learned During the Week of August 22 – 26
Even with a lower estimate for Q2 GDP, economic activity appears to have picked up in July.
Q2 GDP Growth Was Well Below Forecasts: What We Learned During the Week of July 25 – 29
Ok, the first estimate of Q2 economic growth was not “decent” after all. Actually, the word “disappointing” is more appropriate.
What We Learned About the U.S. Economy Last Week 