• Q1 GDP Grew by 2.3%

    5 monthes ago - By Crossing Wall Street

    This morning, the government said the economy grew by 2.3% in Q1. Economists has been expecting growth of 1.8%. Spending by consumers rose by just 1.1%.
    The economy grew at a 2.9 percent pace in the fourth quarter. Economists polled by Reuters had forecast output rising at a 2.0 percent rate in the January-March period.
    The first-quarter growth pace is, however, probably not a true reflection of the economy, despite the weakness in consumer spending. First-quarter GDP tends to be sluggish because of a seasonal quirk. The labor market is near full employment and both business and consumer...
    Read more ...

     

  • New York Mets Revenue At Citi Field Expected To Barely Increase For Years

    5 monthes ago - By Forbes

    The ratings agency predicts annual attendance at 2.3 million.
    Read more ...

     

  • Q1 GDP: Investment

    Q1 GDP: Investment

    5 monthes ago - By Calculated Risk

    IMPORTANT NOTE: In the GDP report, real residential investment was unchanged in Q1. But residential investment as a percent GDP actually increased in Q1! How can that be? The answer is that the price index for residential investment increased sharply in Q1. The large increase in the residential investment price index follows what we are hearing from home builders - that material costs have increased sharply (the tariffs haven't helped, but other prices are up too). This hurts both builders and home buyers.
    The first graph below shows the contribution to GDP from residential investment...
    Read more ...

     

  • BEA: Real GDP increased at 2.3% Annualized Rate in Q1

    5 monthes ago - By Calculated Risk

    From the BEA: Gross Domestic Product: First Quarter 2018
    Real gross domestic product increased at an annual rate of 2.3 percent in the first quarter of 2018, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.9 percent.
    ...
    The increase in real GDP in the first quarter reflected positive contributions from nonresidential fixed investment, personal consumption expenditures , exports, private inventory investment, federal government spending, and state and local government spending. Imports, which are a subtraction in...
    Read more ...