Items include
GDP
Economic Indicators
Sep 28, 2023
Bottom Line: The third reading of 2nd Quarter 2023 GDP showed growth of 2.1% annualized, unchanged from prior reports. Consumption was notably lower, though, rising 0.8% in the quarter, down from a previously reported 1.7%. This suggests the consumer ended...
Aug 30, 2023
Bottom Line: The second reading of 2nd Quarter 2023 GDP showed growth of 2.1% annualized, revised lower by 30 basis points. Nonresidential fixed investment drove the negative revisions, accounting for 20 of the 30 basis points, while inventories flipped from...
Jul 27, 2023
Bottom Line: The advance reading of 2nd Quarter 2023 GDP was well above expectations at 2.4% annualized quarter-on-quarter, led by gains in services consumption and nonresidential investment. Goods consumption rose only slightly, but government spending was higher. Trade was a...
Jun 29, 2023
Bottom Line: The third reading of 1st Quarter 2023 GDP was revised surprisingly higher, led by consumption. Consumer spending on services was notably higher, led by spending on health care. Nonresidential investment edged higher, but residential fixed investment was lower....
May 25, 2023
Bottom Line: The second reading of 1st Quarter 2023 GDP saw modest positive revisions on the back of stronger consumption readings late in the quarter. Consumer spending on services was modestly stronger late in the quarter. Moreover, the drag from...
Apr 27, 2023
Bottom Line: The advance reading of 1st Quarter 2023 GDP showed a gain of 1.1%, less than the consensus, though close to model estimates following revisions to consumption data earlier this week. That said, consumption gains were stronger than expected...
Mar 30, 2023
Bottom Line: The 4th Quarter ended on a slow note for consumption. GDP was revised from 2.7% to 2.6% in the third estimate. That's down from 2.9% in the advance reading, with consumption dropping from gains of 2.1% in the...
Feb 23, 2023
Bottom Line: The 4th Quarter ended on a slow note for consumption. GDP was revised from 2.9% to 2.7%, with consumption dropping from gains of 2.1% to just 1.4% annualized on the Quarter. This suggests the consumer finished the 4th...
Jan 26, 2023
Bottom Line: The advanced reading of 4th Quarter GDP was better than expected, led by consumer spending on services and a rebound in inventories. Goods consumption was slightly stronger after three quarters of declines. Residential fixed investment was a drag,...
Nov 30, 2022
Bottom Line: The first revision of the 3rd Quarter GDP showed growth was 0.3% stronger than initially reported, now 2.9% versus 2.6% initially reported. This was even slightly higher than the consensus. Consumption growth drove the revision, now 1.7% quarter-on-quarter...
Oct 27, 2022
Bottom Line: The advance reading of 3rd Quarter GDP was slightly higher than the consensus but below the Atlanta Fed's GDPNow model. At 2.4% annualized, the reading marked a solid rebound from the 1st Half. Business fixed investment drove the...
Sep 29, 2022
Bottom Line: The final reading of 2nd Quarter GDP was little changed from its second estimate of a decline of -0.6% annualized. As expected, residential investment was revised lower as housing-related activity continued to slow over the quarter. However, consumption...
Aug 25, 2022
Bottom Line: The second reading of 2nd Quarter GDP showed a smaller contraction than first estimated as consumption growth proved sharply higher. Consumption grew 1.5% annualized in the Quarter compared to 1.0% in the first estimate, suggesting consumer spending ended...
Jul 28, 2022
Bottom Line: The advance reading of 2nd Quarter GDP showed a contraction of -0.9% after 1st Quarter's contraction of -1.6%. While there has been even higher than usual volatility in categories like inventories and trade (inventories knocked 2 points off...
Jun 29, 2022
Bottom Line: The final reading of 1st Quarter GDP showed a slightly larger decline in economic activity than previously reported. Key categories like consumption and residential fixed investment were revised notably lower as late data was tallied, and the Quarter...