The third estimate for Q2 GDP was unchanged from the second estimate at 2.1%, as expected.
The GDP Deflator, though, saw a friendly downward revision to 1.7% (consensus 2.0%) from 2.0%.
Benchmark revisions showed real GDP increased at an annual rate of 5.6% from the second quarter of 2020 through the first quarter of 2023, 0.2 percentage point lower than previously indicated.
The key takeaway from the report was the improved deflator reading. The 1.7% increase was the lowest since the second quarter of 2020.