July 27, 2023
US real GDP in 2Q23 grew at an annualized q/q rate of +2.4% q/q, after inflation, higher than the 2.0% expected. This was up from +2.0% (revised upwards) in 1Q23. The composition of real GDP growth in 2Q23 was: +2.4% = +1.1 consumption, +1.0 business investment, +0.1 inventories, -0.2 housing, +0.5 government spending, -0.1 net […]
May 7, 2023
US real GDP in 1Q23 grew at an annualized rate of +1.1% q/q, slower than the 2.0% expected. This was down from +2.6% in 4Q22. The composition of real GDP growth in 1Q23 was: +1.1% = +2.5 consumption, +0.1 business investment, -2.3 inventories, -0.2 housing, +0.8 government spending, +0.1 net exports. In contrast, the (revised) […]
January 26, 2023
US real GDP in 4Q22 grew at an annualized rate of +2.9% q/q, higher than expected, seeming to allay recession fears. This was down from +3.2% in Q3. That means that for 2022 as a whole, real GDP grew +2.1%, down from a +5.9% spike in 2021 due to the bounce back from Covid. The […]
December 13, 2022
US real Gross Domestic Product (GDP) grew at an annualized q/q rate of +2.9% in Q3, better than expected, after two quarters of negative growth. This is as of revised data released November 30, 2022. The composition of US GDP growth in Q3 was: +2.9% = +1.2 consumption, +0.7 business investment, -1.0 inventories, -1.4 housing, […]