• BEA on Track to Implement Third Phase to Combat Potential for Residual Seasonality in GDP

    7 monthes ago - By U.S. Bureau of Economic Analysis

    The U.S. Bureau of Economic Analysis is on track to soon implement the third phase of a three-pronged plan to mitigate any potential for residual seasonality in gross domestic product. That's when seasonal patterns remain in the data even after they are adjusted for seasonal variations.
    BEA laid out the plan in 2016, after conducting a painstaking component-by-component review of some 2,000 nominal data series included in GDP to look for possible sources of residual seasonality.
    A significant factor that BEA's review found occurred when seasonally adjusted monthly data were aggregated to...
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  • Oil prices fall as U.S. crude production hits another record

    7 monthes ago - By Reuters

    SINGAPORE - Oil prices eased on Thursday, dragged down by rising output, although strong demand and a drop in U.S. fuel inventories provided the market with some support.
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