GDP, 2nd quarter 2014 (third est); Corporate Profits, 2nd quarter 2014 (revised est)

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 4.6 percent in the second quarter of 2014,  according to the “third” estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP decreased 2.1 percent.

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