Eye On Housing
The Bureau of Economic Analysis (BEA) released the advance estimate of real GDP growth for the fourth quarter of 2011. Real GDP grew at a seasonally adjusted annual rate of 2.8 percent, up from 1.8 percent in the third quarter. The main contributors were private inventory investment and personal consumption expenditures (PCE). Declines in government spending, at the federal, state… Read More ›
Tag Archive for ‘gdp’
Third Quarter GDP Growth – 2nd Estimate: Inventory Size Matters
The Bureau of Economic Analysis (BEA) released the second estimate of real GDP growth for the third quarter of 2011. Revised GDP grew at a seasonally adjusted annual rate of 2.0 percent, down from the first estimate of 2.5 percent, but up from 1.3 percent in the second quarter and 0.4 percent in the first quarter. The major components of… Read More ›
Lessons From the GDP Report: Not Much to Like
The Bureau of Economic Analysis (BEA) released the “advance” estimate of real GDP growth for the second quarter of 2011, along with revisions going back to 2003. The key points from the data are that the recession was deeper, the recovery has been weaker, and the recent soft patch has followed a more discouraging path than was originally indicated. The… Read More ›