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Monday, July 31, 2006

More on 2Q 2006 GDP

.2006 Q2 GDP Components time series
The deceleration in real GDP growth in the second quarter was primarily driven by 2 things: Decreased prices in software, and decreased purchases in residential housing. Residential housing posted a 6.6% decline this quarter, reflected as less on this graph due to 1 year weighted smoothing:

2006 Q2 residential fixed private investment (housing)

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