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 ›

# Tag Archive for ‘gdp’

## GDP Growth in the First Quarter – First Quarter Curse?

The Bureau of Economic Analysis (BEA) revised real GDP growth down to a seasonally adjusted annual rate of -0.7% in the first quarter of 2015 from an initial estimate of +0.2%. The main factors were an upward revision to imports (which subtract from GDP growth) and a downward revision to inventory investment. Real GDP grew at an annual rate of… Read More ›

## GDP Growth in the First Quarter – Stormy Weather?

The Bureau of Economic Analysis (BEA) reported real GDP grew at a seasonally adjusted annual rate of 0.2% in the first quarter of 2015. Real GDP grew at an annual rate of 2.2% in the fourth quarter of 2014. The slowdown in economic growth was expected but the extent of the slowdown was a surprise. Harsh weather, a strong dollar,… Read More ›

## GDP Growth in the Fourth Quarter – Third Estimate

In the third estimate of real GDP growth for the fourth quarter of 2014 the Bureau of Economic Analysis (BEA) reported a seasonally adjusted annual rate of 2.2%, unchanged from the second estimate. The composition of growth changed marginally, but the overall performance of the economy in the fourth quarter was unchanged. Upward revisions to personal consumption expenditures (PCE), residential… Read More ›

## GDP Growth in the Fourth Quarter – Second Estimate

The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the fourth quarter of 2014. Growth in economic output was revised downward to a seasonally adjusted annual rate of 2.2% from an “advance” estimate of 2.6%. The second estimate is based on more complete information than was available for the initial estimate. The slower pace… Read More ›

## Fourth Quarter GDP: Consumer Strength, Building Growing

The advance estimate from the Bureau of Economic Analysis indicates that Gross Domestic Product (GDP) increased at a 2.6% annual rate. This was below expectations (generally around 3%). While a “miss,” the first estimate of growth for the final quarter of 2014 includes some notable elements of optimism. In particular, consumers – benefiting from improved balance sheets (in part due… Read More ›

## GDP Growth in the Third Quarter – And It Just Keeps Getting Better

The Bureau of Economic Analysis (BEA) released its third estimate of real GDP growth for the third quarter. Growth in economic output was revised upward to a seasonally adjusted annual rate of 5.0% from 3.9% in the second and 3.5% in the advance estimate. The pace was 4.6% in the second quarter. The revisions were largely concentrated in personal consumption… Read More ›

## GDP Growth in the Third Quarter – Momentum? Revised Up To Probably

The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the third quarter. Growth in economic output was revised upward to a seasonally adjusted annual rate of 3.9% from 3.5% in the advance estimate. The pace was 4.6% in the second quarter. Upward revisions to investment, both fixed and inventory, and personal consumption expenditures were… Read More ›

## GDP Growth in the Third Quarter – Momentum? Definitely Maybe

The Bureau of Economic Analysis (BEA) released its estimate of real GDP growth for the third quarter. Economic output expanded at a seasonally adjusted annual rate of 3.5%, down from the 4.6% rate in the second quarter, but still respectable. The slowdown is no surprise given the rapid pace in the second quarter, driven in part by a bounce back… Read More ›

## GDP in the Second Quarter, Third Estimate – Faster, Stronger II

The Bureau of Economic Analysis (BEA) revised its estimate of real GDP growth to a seasonally adjusted annual rate of 4.6% in the second quarter, up from the initial estimate of 4.0% and a second estimate of 4.2%. The third estimate is based on more complete data than was available for the previous estimates. The revision didn’t change the basic… Read More ›