US Prelim GDP q/q
It's the broadest measure of economic activity and the primary gauge of the economy's health;
While this is q/q data, it's reported in an annualized format (quarterly change x4). The 'Previous' listed is the 'Actual' from the Advance release and therefore the 'History' data will appear unconnected. There are 3 versions of GDP released a month apart - Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
- US Prelim GDP q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Aug 29, 2024 | 3.0% | 2.8% | 2.8% |
May 30, 2024 | 1.3% | 1.2% | 1.6% |
Feb 28, 2024 | 3.2% | 3.3% | 3.3% |
Nov 29, 2023 | 5.2% | 5.0% | 4.9% |
Aug 30, 2023 | 2.1% | 2.4% | 2.4% |
May 25, 2023 | 1.3% | 1.1% | 1.1% |
Feb 23, 2023 | 2.7% | 2.9% | 2.9% |
Nov 30, 2022 | 2.9% | 2.8% | 2.6% |
-
- US Prelim GDP q/q News
Revised up 0.2 ppts, 0.2 ppts above consensus. Final sales up 0.2 ppts. GDO rises 2.1% q/q SAAR. chart Figure 1: GDP (bold black), GDO (tan), and GDP+ (green), GDPNow of 8/26 (sky blue square), all in bn.Ch.2017$ SAAR. GDP, GDO based on 2nd release. GDP+ iterated on 2019Q4 GDP level. Source: BEA, Philadelphia Fed (July release), Atlanta Fed, author’s calculations. chart Figure 2: Quarter-on-Quarter growth of GDP (bold black), GDPNow of 8/26 (sky blue square), final sales (red), all SAAR. GDP based on second release. Source: BEA, ...
Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of 2024 (table 1), according to the "second" estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.8 percent. The update primarily reflected an upward revision to consumer spending (refer ...
On Wednesday, August 28, BTC declined by 0.71%, following a 5.40% tumble from the previous session, closing at $59,082. BTC extended its losing streak to four sessions as the broader market dipped by 0.10% to a total market cap of $2.039 trillion. NVIDIA Earnings Miss Top Estimates: On Wednesday, NVIDIA (NVDA) released its highly anticipated Q2 2024 earnings report. While NVIDIA’s Q2 2024 earnings beat the consensus, they fell short of top estimates, resulting in a 6.89% drop in after-hours trading. The downtrend impacted buyer ...
The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the weakest quarterly rate since the spring of 2022, the government said Thursday in a downgrade from its previous estimate. Consumer spending rose but at a slower pace than previously thought, a sign that high interest rates and lingering inflation are pressuring household budgets. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 1.6% rate last quarter. The ...
The US economy grew at a slower pace in the first quarter than initially reported, primarily reflecting softer consumer spending on goods. Gross domestic product rose 1.3% annualized in the first three months of the year, below the previous estimate of 1.6%, Bureau of Economic Analysis figures published Thursday showed. The economy’s main growth engine — personal spending — advanced 2.0%, versus the previous estimate of 2.5%. The numbers underscore a loss of momentum to start 2024 after continual upside surprises in 2023. High ...
Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2024 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 1.6 percent. The update primarily reflected a downward revision to consumer spending ...
The May 27 week is shortened in the US by the Memorial Day observance on Monday. Reports normally released on Monday will be moved to Tuesday, and some Tuesday data to Wednesday. There isn’t a lot of market-moving potential in the week’s economic data calendar. The most looked at data will probably be the PCE deflator for April in the report on personal income and spending at 8:30 ET on Friday. Although the uptick in March for the year-over-year change (PCE deflator up 2.7 percent, core PCE deflator up 2.8 percent) could well be ...
The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate. The expansion in the nation’s gross domestic product — the economy’s total output of goods and services — slipped from a red-hot 4.9% from July through September. The fourth-quarter GDP numbers were revised down from the 3.3% pace Commerce initially reported last month. U.S. growth has now topped 2% for six straight ...
Released on Aug 29, 2024 |
---|
Released on May 30, 2024 |
---|
Released on Feb 28, 2024 |
---|
- Details