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US
GDP, a measure of total goods and services output within U.S. borders,
grew at a 2.5% annual rate during Q4 2006, higher than the 2.2% reported a
month ago, and up from 2% in the third quarter, according to the Commerce
Department, reports Reuters.
Continue reading... "Q4 GDP Growth Better Revised Upwards to 2.5%" »
National
Association for Business Economics survey of 47 top forecasters predicted
that the overall US economy will grow by 2.7% this year, the slowest
annual increase in the gross domestic product since a 1.6% rise in 2002,
on a greater restraint from a worse-than-expected slump in housing
market.
Continue reading... "US Economy Will Grow at the Slowest Pace in 5 Years in 2007" »
- Q1 2006: 5.6%, the fastest in 2 1/2 years.
- Q2 2006: 2.6%
- Q3 2006: 2.0%
- Q4 2006: 3.5%
- Full Year 2006 GDP growth: 3.4%, compared to 3.2% in 2005
Continue reading... "GDP Grew 3.5% in Q4; Wages Up 0.8% in Q4; Fed Leaves Rate at 5.25%" »
U.S.
GDP growth slowed to a 2% pace in the third quarter, a slight downgrade
from the 2.2% annual rate estimated a month ago for Q3, according to final
estimates released
by the Commerce Department. The price index for gross domestic purchases
increased 2.2 percent in the third quarter.
Continue reading... "Key Economic Indicators for Today: GDP, Jobless Claims, Leading Indicators" »
The
U.S. economy grew at an annual rate of 2.2% in the third quarter, compared
with 2.6% in the second quarter, according to the "preliminary"
estimates released
by the Bureau of Economic Analysis. The third-quarter growth rate was
revised up 0.6 percentage point from the "advance" estimates
released in October.
Continue reading... "GDP Growth Revised Up to 2.2% in 3Q 2006; Corporate Profits Jump 30.9%" »
| The U.S. government cut its economic growth forecasts through 2008 on Tuesday, citing the weakness of America’s housing market. In an updated economic forecast, the administration said it expects inflation-adjusted GDP to increase 3.1% this year, down from its June forecast of 3.6%. GDP growth is firther expected to slow to 2.9% in 2007, down from its previous estimate of 3.3% (WSJ). In 2008, the government sees growth of 3.1%, slightly lower than its prior estimate of 3.2% | Economy 2006 GDP : 3.6% Inflation: 2.3% Unemployment: 4.6% |
Continue reading... "White House Lowers Economic Growth, Citing Weak Housing Market" »
U.S. real gross domestic product (GDP) growth slows to 1.6% in the third quarter, the lowest growth in more than 3 years, according to estimates released today by the Bureau of Economic Analysis. U.S. GDP grew at 2.6% during Q2 and a robust 5.6% during Q1 of 2006. The third quarter's 1.6% growth rate was the weakest since the first quarter of 2003, when the economy grew at a 1.2% annual rate.
Continue reading... "U.S. GDP Growth Slows to 1.6% in 3Q, Lowest in More Than 3 Years" »
| 3Q'06 | 4Q'06 | 2006 | 1Q'07 | 2Q'07 | |
| US GDP Growth | 2.3% | 2.4% | 3.5% | 2.6% | 2.6% |
| Source: Blue Chip Economic Indicators | |||||
Weakness in housing and autos were particular drags on the economy in the third quarter, the newsletter said. The government will release its first snapshot on third quarter economic growth on October 27.
The
economy grew at an annual rate of 2.6% in the second
quarter, 0.3 percentage point less than in the
"preliminary" estimate of 2.9% and 3.0 percentage points less
than in the first quarter, according to the "final" estimates
released by the Bureau of
Economic Analysis. The second-quarter slowdown comes after the economy
sprinted ahead in the first three months of this year, expanding at a 5.6%
pace, the strongest spurt in 2 1/2 years.
Second-quarter corporate profits grew 18.5% from the same quarter a year ago. Profits of financial corporations increased 29.6% and profits of nonfinancial corporations increased 10.7%.
Continue reading... "GDP Growth Slowed to 2.6%; Corporate Profits Surged 18.5%" »
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The economy grew at an annual rate of 2.9% in the second quarter of 2006, compared with 5.6% in the first quarter, according to the "preliminary" estimates released by the U.S. Bureau of Economic Analysis. The growth rate was revised up 0.4 percentage point from the "advance" estimates released in July. BEA also released its first estimate of second-quarter corporate profits, which increased 20.5% from the same quarter a year ago.
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The deceleration in second-quarter GDP growth primarily reflected a deceleration in consumer spending on durable goods, a downturn in investment in equipment and software, and a downturn in Federal government spending. The upward revision from the advance estimates reflected revisions to exports of goods, investment in nonresidential structures, and inventory investment. Excluding food and energy prices, the price index for gross domestic purchases increased 2.9% in the second quarter, compared with an increase of 3.0% in the first. Current-dollar GDP -- the market value of the nation's output of goods and services -- increased 6.3%, or $201.3 billion, in the second quarter to a level of $13,209.7 billion. In the first quarter, current-dollar GDP increased 9.0%, or $277.9 billion. |
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