- US Advance GDP Price Index q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
---|---|---|---|
Oct 30, 2024 | 1.8% | 1.9% | 2.5% |
Jul 25, 2024 | 2.3% | 2.6% | 3.1% |
Apr 25, 2024 | 3.1% | 3.0% | 1.6% |
Jan 25, 2024 | 1.5% | 2.3% | 3.3% |
Oct 26, 2023 | 3.5% | 2.7% | 1.7% |
Jul 27, 2023 | 2.2% | 3.0% | 4.1% |
Apr 27, 2023 | 4.0% | 3.7% | 3.9% |
Jan 26, 2023 | 3.5% | 3.2% | 4.4% |
-
- US Advance GDP Price Index q/q News
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024 (table 1), according to the "advance" estimate released by the U.S. Bureau of Economic Analysis. In the second quarter, real GDP increased 3.0 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 2). The “second” estimate for the third quarter, based on more complete source data, will be ...
Stronger than expected US GDP growth is welcome, but not narrative busting for the Fed’s path to easing. Nor is an upside surprise on Q2 core PCE. I’ll explain why along with the details. Core PCE Surprises Higher Q2 core PCE inflation was hotter than expected at 2.9% q/q SAAR (2.7% consensus and Scotia). This must be due to monthly revisions, but we’ll find out for sure tomorrow. If there were no revisions to available data up to May, then June core PCE would have to be up by about 0.35% m/m SA which seems implausible given what we ...
We’ve had a pretty solid set of US activity numbers today, but it isn’t having a major impact on market expectations for rate cuts, which are increasingly being seen as a done deal. GDP grew an annualised 2.8% in second quarter 2024, a little above our 2.5% forecast and more so against the 2% consensus figure while the core PCE deflator, the Fed’s favoured inflation measure, rose 2.9% annualised versus the 2.7% expectation. This latter figure, which is an improvement on the 3.7% jump in the first quarter, implies that tomorrow's ...
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024 (table 1), according to the "advance" 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 source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the second quarter, based on more complete source data, will be ...
US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely. That said, this inflation number ...
Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years—including 3% growth over the last year—while unemployment has stayed below 4% for more than two years. But we have more work to do. Costs are too high for working families, and I am fighting to lower them. I took on Big Pharma to lower prescription drug and health care costs. I’m banning hidden junk fees that corporations use ...
Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" 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 source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the first quarter, based on more complete source data, will be ...
US fourth-quarter GDP growth came in at 3.3% quarter-on-quarter annualised, well above the 2% consensus and above every forecast in the Bloomberg survey. The personal consolation is that at least we were closest (ING predicted 2.5%). The details show consumer spending was very strong, rising 2.8% while government spending increased 3.3% and non-residential fixed investment increased 1.9% with residential investment up 1.1%. Inventories added 0.07 percentage points to growth while net exports added 0.43pp. This means the economy grew ...
Released on Oct 30, 2024 |
---|
Released on Jul 25, 2024 |
---|
Released on Apr 25, 2024 |
---|
Released on Jan 25, 2024 |
---|
- Details