US Advance 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). 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 Advance GDP q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 25, 2024 | 1.6% | 2.5% | 3.4% |
Jan 25, 2024 | 3.3% | 2.0% | 4.9% |
Oct 26, 2023 | 4.9% | 4.5% | 2.1% |
Jul 27, 2023 | 2.4% | 1.8% | 2.0% |
Apr 27, 2023 | 1.1% | 2.0% | 2.6% |
Jan 26, 2023 | 2.9% | 2.6% | 3.2% |
Oct 27, 2022 | 2.6% | 2.3% | -0.6% |
Jul 28, 2022 | -0.9% | 0.4% | -1.6% |
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- US Advance GDP q/q News
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track. chart GDP-based recession indicator index. The plotted value for each date is based solely on the GDP numbers that were publicly available as of one quarter after the indicated date, with 2023:Q4 the last date shown on the graph. Shaded regions represent the NBER’s dates for recessions, which dates ...
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 ...
Focus is especially on the U.S. amid growing concerns that elevated inflation, a strong economy and a recent rise in oil prices could delay interest-rate cuts until later this year or even into next year. In that light, the first estimate of U.S. first-quarter gross domestic product and PCE inflation data will be particularly closely watched. In Europe, flash purchasing managers' data for April could be a steer for whether the European Central Bank is on course to cut interest rates in June. Japan's central bank meeting is the main ...
Earlier today we reported that according to Biden's Bureau of Economic Analysis, in the fourth quarter US GDP grew at a torrid 3.3% pace, which was a 5-sigma beat to consensus estimate of 2.0% and also came in well above the highest Wall Street forecast. We also laid out the components that accounted for the growth: mostly the lack of inventory destocking (which means growth will be subtracted in Q1 instead), a bizarre jump in exports despite the soaring dollar, and last but not least, a jump in healthcare spending and a surge in RV ...
The US economy shamed the bears yet again. It grew by 3.3% q/q at a seasonally adjusted and annualized rate (SAAR) which was above all estimates in consensus that were between about 1½% and 2½%. The outperformance is especially large in relation to the expectations coming into the quarter. For the sixth consecutive quarter, consensus came in expecting dire conditions and got blown away by remarkable growth (chart 1). chart Chart 2 shows this is not a slowing economy by any means. Trend growth has remained very hot throughout the ...
Natural Gas: chart Natural gas pulls back as traders react to the EIA report, which indicated that working gas in storage declined by 326 Bcf from the previous week, compared to analyst consensus of -322 Bcf. From the technical point of view, natural gas did not manage to settle above the resistance at $2.70 – $2.75. WTI Oil: chart WTI oil tests new highs as traders react to the better-than-expected U.S. GDP Growth Rate report. The American economy stays strong, which is bullish for oil markets. RSI remains in the moderate ...
Released on Apr 25, 2024 |
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Released on Jan 25, 2024 |
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