Tag Archive for ‘macroeconomics’

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 ›

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 ›

Consumer Prices in April – Energy Declines Again, But Overall Prices Remain Positive

The Bureau of Labor Statistics (BLS) reported consumer prices increased in April. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.2%. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.1%. Large swings in energy prices account for most of the divergence between CPI and the… Read More ›