The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the third quarter of 2016. Real GDP grew at a 3.2% seasonally adjusted annual rate, an upward revision from the advance estimate of 2.9%. Growth was 1.4% in the second quarter. The upward revision was based mainly on faster growth in personal consumption expenditures (PCE)… Read More ›

# Tag Archive for ‘macroeconomics’

## First Look at GDP Growth in the Third Quarter – Mind the Details

The Bureau of Economic Analysis (BEA) released the “advance” estimate of real GDP growth for the third quarter of 2016 with the standard caveat that this estimate “is based on source data that are incomplete or subject to further revision by the source agency.” That combined with some concentrated strengths and lingering weaknesses makes the apparent improvement over last quarter… Read More ›

## A Third Look at GDP Growth in the Second Quarter

The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth for the second quarter of 2016. Real GDP grew at a 1.4% seasonally adjusted annual rate, up modestly from the 1.1% previous estimate. Personal consumption expenditures were slightly weaker, investment was less negative based on less drag from the energy sector and equipment spending, government spending… Read More ›

## A Second Look at GDP Growth in the Second Quarter

The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the second quarter of 2016 based on more complete source data than was available for the advance estimate. Real GDP grew at a 1.1% seasonally adjusted annual rate, little changed from the 1.2% earlier estimate. The revisions were mixed, consumer spending was slightly stronger, investment… Read More ›

## GDP Growth in the Second Quarter Plus Revisions – And Slim Just Left Town

The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the second quarter of 2016 plus revised estimates back to 2013. Real GDP grew at a 1.2% seasonally adjusted annual rate in the second quarter and was modestly higher overall in 2015, but the slowdown as the year unfolded was more pronounced than initially estimated,… Read More ›

## Despite Upward Revision, Slower Growth Trend Continues

The Bureau of Economic Analysis reported today that GDP, a broad measure of overall economic activity, rose by a seasonally adjusted annual rate of 1.1% in the first quarter of 2016. Today’s release is the third and final estimate of GDP growth for the quarter. The final estimate of GDP growth was revised higher from both the second and the… Read More ›

## GDP Growth in the First Quarter – Double, Double Oil and Trouble

The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth in the first quarter of 2016, reporting a seasonally adjusted annual rate of 0.5%. Economic growth has declined steadily from its recent peak of 3.9% in the second quarter of 2015. Declining activity was broad based enough to be troubling: slowing personal consumption expenditures (PCE), declines… Read More ›

## GDP Growth in the Fourth Quarter – Getting Better

The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth in the fourth quarter of 2015, reporting a seasonally adjusted annual rate of 1.4%. The three separate estimates for the quarter, based on increasingly better (more complete) data, moved GDP growth from 0.7% to 1.0% to 1.4%. The latest revisions reflect faster growth of personal consumption… Read More ›

## GDP Growth in the Fourth Quarter – Out Like a Lamb

The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth in the fourth quarter of 2015, reporting a seasonally adjusted annual rate of 0.7%. GDP grew at an annual pace of 3.9% and 2.0% in the second and third quarters, respectively. The BEA emphasizes that the advance estimate is based on incomplete data and will be… Read More ›

## GDP Growth in the Third Quarter – Third Time’s A Charm

The Bureau of Economic Analysis (BEA) released the third estimate of real GDP growth for the third quarter of 2015, subtracting 0.1 percentage point from the second estimate, bringing growth down to 2.0%. GDP grew at an annual pace of 3.9% in the second quarter. As with the revision from advance estimate to second, the most significant change between the… Read More ›