Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released by the Bureau of Economic Analysis.
Tag: Bureau of Economic Analysis
1Q GDP Report Shows Accelerating Economy
Real gross domestic product increased at an annual rate of 6.4 percent in the first quarter—the fastest such pace in more than 36 years—according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.
Final 4Q GDP Sees 4.3% Increase
Real gross domestic product increased at an annual rate of 4.3 percent in the fourth quarter, according to the “third” (final) estimate released by the Bureau of Economic Analysis.
4Q GDP Second Estimate Slightly More Optimistic
The Bureau of Economic Analysis yesterday revised upward ever-so-slightly its second (revised) estimate of fourth quarter gross domestic product.
3rd Quarter GDP Balances Out
The Bureau of Economic Analysis yesterday said its third (final) estimate of third quarter gross domestic product saw real GDP increase at an annual rate of 33.4 percent. This is up slightly from the first and second estimates that took place in October and November, respectively, and reflect more complete source data.
Revised 3Q GDP Unchanged at 33.1%
Meet the new gross domestic product—same as the old gross domestic product. The Bureau of Economic Analysis on Wednesday reported its second (revised) estimate of third quarter GDP was unchanged from its first estimate last month: in other words, after an unbelievably bad second quarter, the third quarter looks, in contrast, relatively brilliant.
Economy Shows Hint of Recovery
What goes down must come up: after the coronavirus resulted in a staggering record drop in the second quarter, the U.S. economy bounced back somewhat in the third quarter, according to the first (advance) estimate of gross domestic product.
Final 2Q GDP Report Not Much Improvement
Second quarter gross domestic product—initially reported at nearly minus 33 percent in July, then minus 31.7 percent in August—didn’t improve much in the Bureau of Economic Analysis final estimate yesterday.
Revised 2nd Quarter GDP No Real Improvement
After a stunning 32.9 percent plunge in 2nd quarter gross domestic product, analysts hoped yesterday’s revised numbers would paint a more optimistic picture. It didn’t.
MBA Chart of the Week: Contribution to GDP Growth
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.