The preliminary estimate for 2004:IIQ revised GDP growth down from the 3.0% advance estimate to 2.8%, which was slightly higher than the Blue Chip forecast for the quarter. This downward revision did nothing to calm concerns over the slowdown in economic activity relative to 2004:IQ.
Suggested citation: "Economic Activity," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-09, pp. 10-11, 09.01.2004.