GDP Report Shows Chugging Economy

Hot, but not red-hot: the Bureau of Economic Analysis said its final estimate of first-quarter Gross Domestic Product showed an economy firing on all cylinders.

2nd Look at 1Q GDP Unchanged at 6.4%

Second verse, same as the first: The Bureau of Economic Analysis on Thursday said its second (revised) estimate of 1st quarter gross domestic product showed economic growth increased at an annual rate of 6.4 percent, unchanged from its first estimate in April.

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.

4th Quarter GDP Slows after Explosive 3Q Rebound

Gross domestic product increased at an annual rate of 4 percent in the fourth quarter, according to the “advance” estimate released yesterday by the Bureau of Economic Analysis.

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.

MBA Chart of the Week: Indexed Levels of GDP

This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.

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.