2Q 2014 GDP shows increase intangibles investment

Looks like good news this morning. The BEA has revised its estimate of economic growth in the 2nd quarter of 2014 upward to 4.2%. The advanced estimate released last month showed a growth rate of 4.0%. Economists had been expecting a slight downward revision to 3.9%. Growth in business investments in intellectual property products (IPP) was also revised upward to 4.4% from the previously estimated 3.5% growth rate.
IPP percent 2Q14 -2nd.png

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