Second Estimate 1Q2013 GDP Revised Down to 2.4%, Corporate Profits Down

Written by Doug Short and Steven Hansen The second estimate of first quarter 2013 Real Gross Domestic Product (GDP) is now a positive 2.4%. The market expected the second estimate 1Q2013 GDP at +2.5% to 2.7%. If one wants to pick a single reason for decline of GDP between the advance and second estimate – …

Advance Estimate 1Q2013 GDP Is 2.5%

Written by Doug Short and Steven Hansen The advance estimate of first quarter 2013 Real Gross Domestic Product (GDP) is positive 2.5% – up from 0.2% in 4Q2012. The market expected the advance estimate 1Q2013 GDP at +2.8% to 3.2%. Government spending and exports contracted, but the consumer remained at the trough.

Third Estimate 4Q2012 GDP Is Economic Expansion of 0.4%, Corporate Profits Up

Written by Doug Short and Steven Hansen The third estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is now a positive 0.4%. The market expected the third estimate 4Q2012 GDP at +0.3%. If one wants to pick a single reason for improvement of GDP between the advance and second estimate – it is …

Second Estimate 4Q2012 GDP Is Economic Expansion of 0.1%

Written by Doug Short and Steven Hansen The second estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is now a positive 0.1%. The market expected the second estimate 4Q2012 GDP at +0.1% to 0.5%. If one wants to pick a single reason for improvement of GDP between the advance and second estimate – …

Advance Estimate 4Q2012 GDP Is Economic Contraction of 0.1%

Written by Doug Short and Steven Hansen The advance estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is negative 0.1%. The market expected the advance estimate 4Q2012 GDP at +0.1% to 1.0%. Government spending and exports contracted, but the consumer remained at the trough. This data point is a nasty surprise.