The U.S. Commerce Department released the Gross Domestic Product second-estimate for the second quarter of 2011, where GDP expanded by 1.0%, compared with the prior expansion of 1.3%, and worse than forecasted expansion worth 1.1 percent, while personal consumption increased by 0.4%, better than that prior estimate worth 0.1 percent and median estimates of 0.2 percent.

The GDP price index rose by 2.4%, compared with the prior and expected rise of 2.3%, while core PCE rose in the second quarter by 2.2%, above the prior and expected estimates of 2.1%.