US Second quarter GDP growth was best in four years at an annualized 4.1%

US second quarter grew at 4.1% but GDP failed to meet some of forecasters’ loftiest targets.

Above are the components of Q2 GDP growth

Real GDP 4.1 percent in the second quarter and the first quarter was adjusted to 2.2%. If growth continues at 3.0 percent the next two quarters, then real GDP growth will indeed make it to 3.1% for all of 2018.

Barclays had expected 5 percent growth but the drag in inventories and the revision to first-quarter growth subtracted from the second quarter number.