Showing posts with label revised. Show all posts
Showing posts with label revised. Show all posts
Monday, March 17, 2014
Second Quarter GDP Revised Up to 1 7
In its second estimate the Bureau of Economic Analysis revised up its initial estimate of second quarter real GDP growth from 1.5% to 1.7%. Despite the upward revision, GDP growth slowed in the second quarter from 2.0% growth in the first quarter. GDP growth in the second quarter remains the slowest pace seen since the third quarter of last year.
The primary difference between the first and second estimate was a boost in consumption seen in the second estimate. Consumption contributed 1.20% to growth in the second quarter after contributing only 1.05% in the initial estimate. Fixed investment and inventories contributed slightly less to the second estimate than was seen in the first.
The slowing from the first quarter to the second was primarily a result of a slowing in durable goods consumption and construction growth. Consumer spending on durable goods was particularly strong in the first quarter.
Read the BEA release.
ReadThe RestEntry..
The primary difference between the first and second estimate was a boost in consumption seen in the second estimate. Consumption contributed 1.20% to growth in the second quarter after contributing only 1.05% in the initial estimate. Fixed investment and inventories contributed slightly less to the second estimate than was seen in the first.
The slowing from the first quarter to the second was primarily a result of a slowing in durable goods consumption and construction growth. Consumer spending on durable goods was particularly strong in the first quarter.
Read the BEA release.
Saturday, December 21, 2013
First Quarter GDP Growth Revised Down to 1 9
GDP growth in the first quarter was revised down to 1.9% in the BEA’s second estimate. This growth represents a slowdown from the 3.0% pace set in the fourth quarter of 2011, but is significantly better than the 0.4% growth in the first quarter of last year.
The revisions to the forecast were primarily due to increased drags from government spending and net exports. Government expenditures proved a 0.8% drag, more than the 0.6% initially reported. Net exports drag slowed growth by about 0.1%. Personal consumption reduced its contribution to growth as well, adding 1.9%, down from 2.0% in the first estimate.
Fixed investment improved in the second estimate, contributing 0.6% to growth, up from the 0.2%.
ReadThe RestEntry..
The revisions to the forecast were primarily due to increased drags from government spending and net exports. Government expenditures proved a 0.8% drag, more than the 0.6% initially reported. Net exports drag slowed growth by about 0.1%. Personal consumption reduced its contribution to growth as well, adding 1.9%, down from 2.0% in the first estimate.
Fixed investment improved in the second estimate, contributing 0.6% to growth, up from the 0.2%.
Monday, May 20, 2013
Fourth Quarter GDP Revised Up to 3
Fourth quarter growth accelerated to 3%, up from 1.8% in the third quarter according to the BEA’s second estimate released this morning. The initial estimate reported fourth quarter GDP growth of 2.8%. For all of 2011 the economy grew at 1.6%, led by investment and exports. During this time, government spending contracted
Fourth quarter growth acceleration was led primarily by a large shift in inventories, which changed from dragging 1.35% on growth, to aiding growth by 1.88%. This amounted to about two thirds of growth over the quarter.
The revision from the initial estimate was led primarily by faster growth in fixed investment and lower imports. Consumer and government spending both saw minor upward revisions as well. Exports and inventory accumulation saw revisions that dragged on growth slightly.
Looking forward, the accumulation of inventories at the end of 2011 does not bode well for growth in early 2012. Furthermore, trade had begun to drag on growth in the fourth quarter and is likely to continue to do so as headwinds from Europe persist.
Read the report.
ReadThe RestEntry..
Fourth quarter growth acceleration was led primarily by a large shift in inventories, which changed from dragging 1.35% on growth, to aiding growth by 1.88%. This amounted to about two thirds of growth over the quarter.
The revision from the initial estimate was led primarily by faster growth in fixed investment and lower imports. Consumer and government spending both saw minor upward revisions as well. Exports and inventory accumulation saw revisions that dragged on growth slightly.
Looking forward, the accumulation of inventories at the end of 2011 does not bode well for growth in early 2012. Furthermore, trade had begun to drag on growth in the fourth quarter and is likely to continue to do so as headwinds from Europe persist.
Read the report.
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