Advance Estimate 2Q2012 GDP 1.5%, Mixed Dynamics

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 …

Third Estimate 1Q2012 GDP Unchanged at 1.9%, Corporate Profits Fell

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 …

Second Estimate 1Q2012 GDP Is Revised Down to 1.9%

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 …

Is Consumer Credit Fueling Retail Sales Growth?

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 …

Is the Consumer Returning?

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: