Global Economic News and Analysis
Written by Steven Hansen and Doug Short The advance estimate of first quarter 2012 Real Gross Domestic Product (GDP) is 1.5% 3Q2011 GDP was revised down from 1.8% to 1.3%, 4Q2011 GDP was revised up from 3.0% to 4.1%, and 1Q2012 GDP was revised up from 1.9% to 2.0% The market expected the advance estimate …
Continue reading “Advance Estimate 2Q2012 GDP 1.5%, Mixed Dynamics”
Written by Steven Hansen and Doug Short The third estimate of first quarter 2012 Real Gross Domestic Product (GDP) is unchanged at 1.9% 3Q2011 GDP was 1.8% 4Q2011 GDP was 3.0% 1Q2012 GDP advance estimate was 2.2% Annual GDP growth for 2011 was 1.7% (calendar year 2011 over calendar year 2010) The market expected 3rd …
Continue reading “Third Estimate 1Q2012 GDP Unchanged at 1.9%, Corporate Profits Fell”
Written by Steven Hansen and Doug Short The second estimate of first quarter 2012 Real Gross Domestic Product (GDP) is 1.9% 3Q2011 GDP was 1.8% 4Q2011 GDP was 3.0% 1Q2012 GDP advance estimate was 2.2% Annual GDP growth for 2011 was 1.7% (calendar year 2011 over calendar year 2010) The market expected 2nd estimate 1Q2012 …
Continue reading “Second Estimate 1Q2012 GDP Is Revised Down to 1.9%”
Written by Steven Hansen Last week I posed the question whether the consumer was returning. It seems to be a common perception that consumer credit is driving the retail economic expansion. Below is a set of graphs that may surprise. Consumer credit is expanding at an annual rate of 7.75% according the G.19 consumer credit …
Continue reading “Is Consumer Credit Fueling Retail Sales Growth?”
Written by Steven Hansen March Personal Consumption Expenditures (PCE) released this past week suggest that the consumer is returning to the consumption trough. Many pundits are convinced a consumer driven recovery is beginning to grab hold. Per Christopher S. Rupkey, Chief Financial Economist for the Bank of Tokyo – Mitsubishi UFJ: