Real GDP Up Slightly From the Previous Revision in Late May

The June 28 revision of real GDP for Q1 2007 was up slightly from the last revision in late May. The YOY growth rate of 1.91% for Q1 2007 is the lowest YOY growth rate since Q2 2003. The all important personal consumer expenditure (PCE) is basically unchanged with an annual growth rate (YOY) of 3.46%.

The US Dept. of Commerce press release is available at the BEA. A follow-up article can be found at Market Watch.