On an annualized basis, GDP was up 3.7 percent - roughly in line with forecasts for a 3.9 percent gain following the 14.2 percent decline in the previous three months. Nominal GDP was down 0.2 percent on quarter and 0.7 percent annualized.
Private consumption was up 0.8 percent on quarter, while private capital outlays were off 4.3 percent on quarter. The deflator came in at 0.5 percent. Imports were down 5.1 percent, while exports added 6.3 percent.
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