Tag Archive for ‘gdp’

Real GDP Growth Slows in the Third Quarter

Today, the Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the third quarter of 2015.  According to the release, in the third quarter real GDP grew at a seasonally adjusted annual rate of 1.5 percent, down from 3.9 percent in the second quarter.  Monthly data that had been trickling in, especially data on inventories, made… Read More ›

GDP Growth in the Second Quarter – Solid Growth

The Bureau of Economic Analysis (BEA) released its third estimate of real GDP growth for the second quarter of 2015, raising growth up 0.2 percentage points to 3.9%. The bulk of the additional growth was concentrated in personal consumption expenditures and business fixed investment. Growth was 0.6% in the first quarter. Overall, the composition of growth looks good; strength in… Read More ›

Housing Share of GDP: Home Building Increasing

With the release of the final estimates of second quarter 2015 GDP growth (revised up to a 3.9% growth rate), housing’s share of gross domestic product (GDP) declined slightly to 15.31%. However, the home building and remodeling component – residential fixed investment – expanded for the third consecutive quarter to 3.21% of total GDP. Housing-related activities contribute to GDP in two basic ways. The… Read More ›

GDP Growth in the Second Quarter – Upside Surprise, Implications for Fed Action?

The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the second quarter of 2015, revising the earlier 2.3% growth estimate up to 3.7%. The revisions were broad based with faster growth in consumption, investment, government spending and trade adding to the upward revision. Business investment contributed 0.8 of the 1.4 percentage point increase, followed… Read More ›

GDP Growth in the Second Quarter – Consumer Strength, Better Data

The Bureau of Economic Analysis (BEA) released its “advance” estimate of real GDP growth for the second quarter of 2015 and revisions to historical estimates back to 2012. Real GDP grew at a seasonally adjusted annual rate of 2.3%, accelerating from a 0.6% rate in the first quarter. Personal consumption expenditures (PCE) contributed most of the growth (2.0%). Contributions from… Read More ›

Final Estimate of Q1 GDP Growth: Not Hot and Not Cold, But Not “Just Right” Either

The U.S. economy shrank by a seasonally adjusted annual rate of 0.2% over the first quarter of 2015. This third and final estimate of first quarter GDP growth is lower than the initial estimate but is higher than the second estimate. However, despite first quarter weakness, mortgage lenders believe that the U.S. economy is on the “right track”. In contrast,… Read More ›