GDP Grows 2.3 Percent, Led by a Big Jump in Durable Good Sales, CEPR The economy grew at a 2.3 percent annual rate in the fourth quarter, somewhat less than had generally been expected. However the reason for the miss was a sharp slowing in inventory growth, which subtracted 0.93 percentage points from GDP for […]
– by New Deal democrat As per usual, my focus in reporting on GDP is not the headline number, but the aspects which serve as leading indicators for the economy in the next few quarters. But to get it out of the way, real GDP increased at a 2.3% rate in the last quarter of […]
I included Table 1 for you to use as a backup to the written preliminary report. Click on it to enlarge. I have to leave and go to the Veterans Admin. to pass on more information. When I get back, I will add an opinion to this commentary and delete this message. Real gross domestic […]
– by New Deal democrat As usual, I’ll take a quick look at this morning’s headline GDP numbers for Q3 before passing on to my more important focus on the release’s leading components. Real GDP grew at a 2.8% annualized rate in Q3. Just like Q2, this is a perfectly good number in line with the […]
by Dean Baker Commerce Department reported that GDP grew at a 1.6 percent annual rate in the first quarter, some-what lower than had generally been predicted. However, the headline number was held down by slow inventory accumulation, which subtracted 0.35 percentage points from growth, and a big rise in the trade deficit, which lowered growth […]
Been looking around for a few, new, and good writers to add to Angry Bear. I know we have Robert, New Deal democrat, and Joel amongst us now. I ran into Steve Roth since he posted to Tom Walker’s post. He is allowing me to poach from his new substack Wealth Economics and an older […]
Q2 GDP indicates continued good expansion now, but more storm clouds gathered ahead – by New Deal democrat Now let’s deal with this morning’s big news: real GDP improved at a perfectly respectable 0.6% over the first Quarter of this year: This works out to a 2.4% annualized rate. Although it continues the slowdown from […]
Leading components of Q1 GDP paint a mixed picture – by New Deal democrat As you probably already know, real GDP increased 1.1% at a seasonally adjusted annualized rate in Q1. This doesn’t necessarily mean that the economy improved throughout the period. The median GDP for the quarter where post WW2 recessions have begun was […]
First comments on Q2 GDP: no, we’re not in a recession (yet) – by New Deal democrat When the negative print on Q1 GDP first came out three months ago, I wrote: “yes, it was a negative GDP print. No, it doesn’t necessarily mean recession…. But the big culprits were non-core items. Personal consumption expenditures, even […]
RJS: MarketWatch 666 Summary: modest revision. The internals were revised as much as I’ve ever seen. PCE growth from 3.1% to 1.8%, real gross private domestic investment growth from 0.5% to 5.0%. Mostly due to greater inventories. Those 1st quarter inventories set up the 2nd quarter for a fall. ~~~~~~~ 1st Quarter GDP Revised to Show Our Economy Shrunk […]