- Second GDP Estimate
- Real Estate Sentiment Index
- MSCI RCA Commercial Property Price Index
- Industrial Demand Forecast
- New Home Sales
- Senior Loan Officer Opinion Survey
- CMBS Issuance
- Retail Inventories Excluding Auto
- Office Occupancy
- Rent Growth Variations
1. SECOND GDP ESTIMATE
• Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter
of 2022, according to the BEA’s second estimate released on August 25th. The revision shows that the
US economy contracted less than expected, though directionality suggests that we are in a technical
recession. Real GDP fell 1.6% in the first quarter.
• The latest update revises up both consumer spending and private inventory investment , the latter which
led to overall declines in the second quarter. Consumer spending remained the strongest contributor to
growth. On the flip side, there was a downward revision in residential fixed investment, which was also
one of the leading categories of decline in the second quarter.
• The most significant contributors to the economic contraction were pullbacks in private inventory
investment, residential fixed investment, federal government spending, state and local government
spending, and nonresidential fixed investment. Meanwhile, exports and consumption increased, leading
all positive contributions to the index.
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