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 …

GDP: Little Changed at 1.73%

by Rick Davis In their first 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 1.73%, up 0.19% from their initial estimate — but still down about a quarter of a percent from the 1.97% reported for …

Government and Consumer Drag on GDP

by Rick Davis In their second estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) lowered the annualized rate of U.S. domestic economic growth to 1.88% (down about a third of a percent from the 2.20% previously reported), and now more than a percent below the growth rate for the fourth …

GDP Slows During 1Q 2012

by Rick Davis In their “advanced” estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.20%, down more than three-quarters of a percent from the fourth quarter of 2011. The vast bulk of the downturn was in commercial activities, with …