Chart of the Day: GDP Growth Was Lackluster in Q2

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Real GDP grew by only 1.2 percent in the second quarter. Political scientists everywhere are now rushing to plug this number into their models in order to come up with new estimates of who will win the election in November.

Long story short, consumer spending was healthy, but business and residential investment was horrible. Fixed investment was down 3.2 percent and residential investment was down a whopping 6.1 percent. Apparently the new housing market has screeched to a sudden halt.

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And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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