US Economic Growth Still Weak
Although the overall reported headline rate for the GDP remained essentially unchanged, the numbers reflected somewhat weaker consumer contributions and anemic "real final sales".
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Browsing Tag
inventories
First Quarter 2011 GDP: The only improving factor was stronger inventory growth
The Bureau of Economic Analysis' (BEA) first ("Advance") estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) was 1.75%, down significantly from the 3.11% growth rate reported for the fourth…
Philly Fed Index Highest Since 1984
From the Federal Reserve Bank of Philadelphia:
The survey’s broadest measure of manufacturing conditions, the diffusion index of current activity, increased from 35.9 in February to 43.4 this month (see Chart). This is the highest…
US GDP Report: Growth Curbed by Huge Swing in Inventories
by Marc Chandler At 3.2% the Q4 US GDP came in a bit lower than expected. Inventories were the main reason for the miss. In terms of inventory, the key is the change in the change. Inventories rose a little more than $7 bln in Q4 after a…
ISM Manufacturing Report shows accelerating expansion
The PMI Index for the December 2010 Manufacturing ISM Report On Business® released this morning increased to 57.0% from 56.6% in November. With 50 seen as the demarcation between expansion and contraction, the report shows a manufacturing…
Recessions are on the Margin
The US economy grew at 1.9% for the last decade, the slowest since the 1930s. Given that government spending is going to go down, unemployment is going to take some time to get under control; and with the whole developed world in a mess, it…
ISM Manufacturing Index PMI rises to 56.9%
The Institute for Supply Management (formerly the National Association of Purchasing Management) releases the widely-followed Report On Business® each month. This is considered the most important data set in the manufacturing sector.…
Government Sponsored Spending
The first reading of 3rd quarter GDP was released this morning, with the headline coming in right on top of estimates at 2%. The happy surprise of the report was personal consumption expenditures (PCE), which were better than expectations…
GDP growth comes in at 2.0%, bang on estimates
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an…
Hatzius pegs a double dip at only 25 percent
Here's Jan Hatzius, Chief US Economist at Goldman, talking to Steve Liesman on CNBC talking about the economy and taxes (Hat tip Joe Weisenthal). Hatzius sees significant growth risks but is more sanguine on a multi-year recovery scenario…