The headline growth number was revised down to 1.3 percent on an annualized basis.
Economists expected the number to be unchanged at 1.7 percent.
“The “third” estimate of the second-quarter percent change in real GDP is 0.4 percentage point, or $16.0 billion, less than the “second” estimate issued last month, primarily reflecting downward revisions to private inventory investment, to personal consumption expenditures, and to exports,” wrote the Bureau of Economic Analysis.
The personal consumption component was revised down to 1.5 percent. Economists were expecting it to be unchanged at 1.7 percent.
CONTINUED at Business Insider.