US 2Q GDP was stronger than initial estimate

US 2Q GDP advanced at a revised 3.7% saar, +2.7% year over year, from 2.3% of initial estimate and higher than 3.2% rise of market expectation.

All around indicators in GDP gained from 1st estimate, especially in business fixed investment from -0.6% saar to +3.2% as revised. Personal consumption expenditures revised up from 2.9% a.r. to 3.1% moderately as well.

On the prospect of increased both of investments and consumption, revised 2Q GDP suggests US domestic economy continues to improve on a healthy way.