Tag Archive for ‘macroeconomics’

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 ›

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 ›

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 ›