每经AI快讯，7月31日消息，加拿大5月GDP环比下降0.1%，预期下降0.1%；同比增长1.2%，预期增长 1.1%。 ...

智通财经7月31日电，加拿大5月GDP环比下降0.1%，预期下降0.1%；同比增长1.2%，预期增长1.1%。 ...

加拿大5月GDP同比 1.2%，预期 1.1%，前值 1.3%。 ...

（文章来源：华尔街见闻） 提醒：北京时间20:30，将公布美国6月PCE物价指数、美国7月26日当周首次申请失业救济人数、加拿 大5月GDP。 ...

提醒：北京时间20:30，将公布美国6月PCE物价指数、美国7月26日当周首次申请失业救济人数、加拿 大5月GDP。 ...

dissenters. That's kind of interesting I guess. But there are Trump appointees, former Saint Louis Fed President James Bullard, he's dean of the Purdue University Business School.James, I guess we'll talk about the dissent. I don't know if it's really that. I guess it's interesting since it's been since 1993.But what do you make of the GDP report in light of the prior quarter being actual. You know, it's obviously being whipsawed by by tariffs and imports. But was there can you just say, hey, that's great, ...

Group 1: Economic Growth - In Q2, China's actual GDP grew by 5.2% year-on-year, with a target of around 5% for the full year, indicating manageable pressure to meet this goal[3] - The GDP deflator index fell to -1.2% in Q2, marking the ninth consecutive quarter of negative growth, suggesting ongoing price pressures[9] - The contribution of consumption to GDP growth in Q2 was 2.7 percentage points, making it the primary driver of economic expansion[10] Group 2: Industrial Performance - In June, the industrial added value of large-scale enterprises increased by 6.8% year-on-year, exceeding expectations of 5.5%[15] - The export delivery value of large-scale industrial enterprises rose by 4% in June, a 3.4 percentage point increase from the previous value[15] - Key sectors such as automotive manufacturing and electronic equipment manufacturing saw year-on-year growth rates of 11.4% and 11.0%, respectively[15] Group 3: Investment Trends - From January to June, fixed asset investment growth slowed to 2.8%, down 0.9 percentage points, with significant declines in manufacturing and infrastructure investment[21] - Manufacturing investment growth decreased to 7.5%, while infrastructure investment fell to 8.9%, with real estate investment declining by 11.5%[21] - Water management sector investment growth dropped significantly, down 11.2 percentage points to 15.4% year-on-year[25] Group 4: Consumer Spending - In June, the total retail sales of consumer goods grew by 4.8% year-on-year, a decline of 1.6 percentage points from the previous month[29] - Restaurant revenue in June recorded a year-on-year increase of only 0.9%, a drop of 5 percentage points from the previous value[29] - The retail sales of household appliances and communication equipment fell by 20.6% and 19.1%, respectively, indicating weakening consumer demand[29] Group 5: Risk Factors - Potential risks include changes in the external environment and the possibility that the "old-for-new" policy may not meet expectations[34]

The US economy rebounded in the second fiscal quarter of the year, growing at a better thanex expected rate despite President Trump's tariffs. The country's GDP grew at a 3% pace from April to June, reversing a.5 decline from the previous quarter. Consumer spending also rose.But the growth comes despite a sharp decline in imports, which dropped by 30.3%. The Wall Street Journal editorial board called it the weirdest GDP report ever, while President Trump touted the growth as a success. all expectations.They ...

Core Insights - The apparent growth in the US GDP for Q2 is misleading, primarily due to a significant drop in imports which artificially inflated the overall data, masking a clear slowdown in domestic demand [1][2][3] Economic Indicators - The US GDP grew at an annualized rate of 3.0% in Q2, surpassing market expectations of 2.5%, but this figure is heavily distorted by trade factors, with imports plummeting by 30.3% in Q2 after a 37.9% surge in Q1 [1][3] - Domestic private final purchases growth has sharply declined from 2.7% the previous year to 1.2%, indicating cooling internal economic activity [2][6] Consumer Spending - Final domestic sales growth in Q2 was only 1.1%, down from 1.5% in Q1, and significantly lower than projected growth rates of 3.4% in H2 2024 and 2.8% in H1 2024 [5] - While actual personal consumption increased from 0.5% in Q1 to 1.4% in Q2, it remains below 2024 levels, with durable goods consumption primarily supported by a 16.2% increase in auto sales [6] Investment Trends - Non-residential fixed investment growth significantly slowed in Q2, with construction investment declining by 10.3% following a 2.4% drop in Q1, and residential investment falling by 4.6% [7] - Business investment related to artificial intelligence was weaker than expected, with declines in power plant investments and a slowdown in data center and IT investments, contradicting many analysts' optimistic forecasts [7] Future Economic Outlook - Despite the better-than-expected Q2 GDP data, forecasts indicate a continued economic slowdown, with restrictive trade and immigration policies expected to outweigh benefits from fiscal policy and deregulation [9] - The core PCE price index rose to an annualized rate of 2.54% in Q2, indicating persistent price pressures [9]

Economic Performance - The U.S. GDP for Q2 2025 showed a quarter-on-quarter annualized growth rate of 3.0%, exceeding the expected 2.4% and rebounding from a previous decline of -0.5% in Q1[2] - Year-on-year GDP growth remained stable at 2.0%, consistent with the previous quarter[2] Consumption and Trade - Personal consumption increased from a previous annualized rate of 0.5% in Q1 to 1.4% in Q2, contributing 1.0 percentage points to GDP growth[2] - Net exports improved significantly due to a sharp decline in imports, which fell from an annualized rate of 37.9% to -30.3%, raising the contribution to GDP from -4.6% to 5.0%[2] Investment Trends - Private investment saw a dramatic decline, with an annualized rate dropping from 23.8% in Q1 to -15.6% in Q2, negatively impacting GDP by 3.1 percentage points[2] - Residential investment continued to decline, with an annualized rate of -4.6% in Q2, reflecting ongoing pressures from high mortgage rates and immigration policies[2] Government Spending - Government spending rebounded to an annualized growth rate of 0.4% in Q2, driven primarily by increased defense spending and state/local government hiring[2] - State and local government expenditures rose from 2.0% in Q1 to 3.0% in Q2, indicating a positive trend in public sector investment[2] Market Reactions - Following the GDP release, market expectations for interest rate cuts diminished, leading to an increase in the U.S. dollar index and bond yields, while gold prices fell[2] - The Michigan Consumer Sentiment Index improved, reaching 61.8 in July, indicating a recovery in consumer confidence[2]