WASHINGTON — The second-quarter real gross domestic product revision was down 1.0%, unchanged from the original estimate, but the underlying data suggest an economy poised for growth after four consecutive quarters of decline.
The second-quarter data included upward revisions to exports and consumption that were offset by downward revisions to inventories and nonresidential spending. These boosted real final sales to a 0.4% rise after three declines, in turn suggesting that the economy might be readying an advance.
— Market News International