2nd Quarter GDP Takes One to the Chin

We were warned that second quarter gross domestic product data was going to be bad. Even so, the numbers that came out yesterday were off the charts–literally.

Final 1Q GDP Estimate Shows Economic Growth Down 5%

Real gross domestic product decreased by 5 percent in the first quarter, according to the third (final) estimate released Thursday by the Bureau of Economic Analysis.

2Q GDP Revised Down to -5%

Real gross domestic product decreased at an annual rate of 5 percent in the first quarter, according to the second (revised) estimate by the Bureau of Economic Analysis, down from 4.8 percent in last month’s advance (first) estimate. It also reported corporate profits fell sharply in the first quarter as the impact of the coronavirus pandemic took hold.

1st Quarter GDP Takes a Hit—And It Will Probably Get Worse

The Bureau of Economic Analysis yesterday reported its first (advance) estimate of first quarter gross domestic product saw the U.S. economy contract by nearly 5 percent as the effects of the coronavirus pandemic kicked in.

GDP Report Positive, BUT…

Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, according to the “third” (final) estimate by the Bureau of Economic Analysis.

4Q GDP Holds Steady at 2.1%

The Bureau of Economic Analysis yesterday reported its second (revised) estimate of real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from its first (advance) estimate last month.

4th Quarter GDP Up 2.1%

Real gross domestic product increased at an annual rate of 2.1 percent in the fourth quarter, unchanged from the third quarter, according to the first (advance) estimate released yesterday by the Bureau of Economic Analysis.