BEA Raises 3rd Quarter 2012 GDP Growth Estimate Once Again to 3.09%

by Rick Davis, Consumer Metrics Institute In their third (and “final“) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 3.09% annualized rate, an upward revision of +0.42% from the previously published estimate for that quarter and 1.83% better …

Holiday Consumer Activities

by Rick Davis, Consumer Metrics Institute Earlier we presented a chart that attempted to quantify the impact of Hurricane Sandy and the presidential election on the shopping behavior of American consumers. We did that by comparing this year’s behavior with what we had observed during a comparable time period in 2008. As we have continued …

GDP Report: Improving Growth or Continued Weakness?

by Rick Davis In their first (“Advance”) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.02% annualized rate, some 0.76% higher than for the prior quarter and at very nearly the same level as reported for the first …

Conflicting Consumer Data

by Rick Davis, Consumer Metrics Institute At the Consumer Metrics Institute our mission has been to analyze changes in on-line consumer behavior for early signals about the macro-economic health of the United States. So it makes sense that we are constantly asked to predict the direction that the GDP will be headed in the Bureau …

2Q 2012 GDP Revised Down: The Details

by Rick Davis In their second and “final” revision to their estimate of the second quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 1.26%, down about a half percent from last month’s estimate — and down about three quarters of a percent from …