A Promising Leap for Third Quarter GDP

December 5, 2013 – BEA Revises 3rd Quarter 2013 GDP Growth Sharply Upward to 3.60% Annual Rate by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the third quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.60% annualized rate, up …

BEA Rules Out Any Sign of Improvement for Second Quarter GDP

September 26, 2013 – BEA Leaves 2nd Quarter 2013 GDP Growth Mostly Unchanged At 2.48% Annual Rate by Rick Davis, Consumer Metrics Institute In their third estimate of the US GDP for the second quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.48% annualized rate, down …

Real Per Capita Disposable Income at Two Year Lows

by Rick Davis, Consumer Metrics Institute June 26, 2013 – BEA Revises 1st Quarter 2013 GDP Growth Downward To 1.78% Annual Rate: ……. the most shocking part of this report is glaringly obvious from the real per capita disposable income numbers: all of the unprecedented fiscal and monetary stimulus has left American households materially worse …

March 28, 2013: BEA Revises 4th Quarter 2012 GDP Upward to a 0.38% Annual Growth Rate

by Rick Davis, Consumer Metrics Institute In their third estimate of the US GDP for the fourth quarter of 2012 the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 0.38% annualized rate, roughly 2.7% worse than the 3.09% growth rate that they recorded for the prior quarter. The new number …

Consumers: Past, Present and Future

by Rick Davis, Consumer Metrics Institute Click on graph for larger image of calendar year 2012 chart. When we last looked back at our data for US consumer behavior for the end of 2012, we included comments on two phenomena directly visible in our data: