US GDP Falls At A 0.9 Percent Rate, Driven By Slower Inventory Growth And Falling Housing Construction – Analysis

GDP declined at a 0.9 percent annual rate in the second quarter, as a slower pace of inventory accumulation subtracted 2.01 percentage points from the quarter’s growth. A 14.0 percent rate of decline in residential construction subtracted 0.71 percentage points from GDP growth. Final sales of domestic products to domestic...