• Q4 GDP Revised up to 2.9% Annual Rate

    5 monthes ago - By Calculated Risk

    From the BEA: Gross Domestic Product: Fourth Quarter and Annual 2017
    Real gross domestic product increased at an annual rate of 2.9 percent in the fourth quarter of 2017, according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.
    The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 2.5 percent. With this third estimate for the fourth quarter, the general picture of economic growth...
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  • Here comes GDP

    Here comes GDP

    5 monthes ago - By Business Insider

    The Commerce Department will release its third estimate of fourth-quarter gross domestic product at 8:30 a.m. ET.
    The second estimate of the value of everything produced in the US was revised to 2.5% from 2.6%, mainly because business inventories removed more from growth than was previously estimated. Economists now expect that with more complete data, the Bureau of Economic Analysis will report a 2.7% growth rate, according to Bloomberg.
    Consumer spending, the biggest contributor to the economy, was unrevised at a 3.8% growth rate in the second estimate.
    The release on Wednesday will...
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