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.

Fannie Mae: U.S. Economy Poised for ‘Substantial Rebound’

Fannie Mae, Washington, D.C., said in the wake of the U.S. economy’s historic second-quarter contraction—nearly 40 percent—the strong rate of economic recovery seen in May and June sets up the third quarter for a “substantial rebound.”

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.

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.