GDP
Items include
Economic Indicators
Feb 23, 2023
Bottom Line: The 4th Quarter ended on a slow note for consumption. GDP was revised from 2.9% to 2.7%, with consumption dropping from gains of 2.1% to just 1.4% annualized on the Quarter. This suggests the consumer finished the 4th...
Jan 26, 2023
Bottom Line: The advanced reading of 4th Quarter GDP was better than expected, led by consumer spending on services and a rebound in inventories. Goods consumption was slightly stronger after three quarters of declines. Residential fixed investment was a drag,...
Nov 30, 2022
Bottom Line: The first revision of the 3rd Quarter GDP showed growth was 0.3% stronger than initially reported, now 2.9% versus 2.6% initially reported. This was even slightly higher than the consensus. Consumption growth drove the revision, now 1.7% quarter-on-quarter...
Oct 27, 2022
Bottom Line: The advance reading of 3rd Quarter GDP was slightly higher than the consensus but below the Atlanta Fed's GDPNow model. At 2.4% annualized, the reading marked a solid rebound from the 1st Half. Business fixed investment drove the...
Sep 29, 2022
Bottom Line: The final reading of 2nd Quarter GDP was little changed from its second estimate of a decline of -0.6% annualized. As expected, residential investment was revised lower as housing-related activity continued to slow over the quarter. However, consumption...
Aug 25, 2022
Bottom Line: The second reading of 2nd Quarter GDP showed a smaller contraction than first estimated as consumption growth proved sharply higher. Consumption grew 1.5% annualized in the Quarter compared to 1.0% in the first estimate, suggesting consumer spending ended...
Jul 28, 2022
Bottom Line: The advance reading of 2nd Quarter GDP showed a contraction of -0.9% after 1st Quarter's contraction of -1.6%. While there has been even higher than usual volatility in categories like inventories and trade (inventories knocked 2 points off...
Jun 29, 2022
Bottom Line: The final reading of 1st Quarter GDP showed a slightly larger decline in economic activity than previously reported. Key categories like consumption and residential fixed investment were revised notably lower as late data was tallied, and the Quarter...