Second-quarter gross domestic product revisions were pretty much as advertised, though the magnitude of the changes was more than expected and wage and profit data show a still-struggling economy.

The second-quarter real GDP revision was 3.3%, putting it at its best pace since the third quarter of 2007. GDP growth was originally estimated at 1.9% in the second quarter.

Real final sales grew 4.8%, its best pace since the first quarter of 2006.

The price picture was little changed: GDP prices were up 1.2% — up 0.1 point from the original estimate — and core personal consumption expenditure prices were 2.1%, unchanged from the previous report.

— Market News International

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.