America’s economy decelerated in the final three months of 2017 according to Gross Domestic Product (GDP) data from the Bureau of Economic Analysis (BEA). On an inflation-adjusted annualized basis, output grew by 2.6 percent from October through December. This followed improvements of 3.1 percent and 3.5 percent in the second and third quarters respectively. Despite the
Economic output in America from July through September 2017 was even better than first counted. With more complete data collected, the Bureau of Economic Analysis now estimates gross domestic product (GDP) grew 3.3 percent on an inflation-adjusted annualized basis during the third quarter of this year, upwardly revised from 3.0 percent in the earliest estimate. Output improved by th
Economic output advanced at an inflation-adjusted 3.0 percent annualized rate from July through September 2017 according to gross domestic product (GDP) figures from the Bureau of Economic Analysis. While there will be at least two more attempts to quantify output for this period, the early estimate shows output decelerated from the previous quarter’s growth rate of 3.1 percent.
The estimate for output growth during the second quarter of 2017 was revised marginally higher by the Bureau of Economic Analysis. Their third and “final” attempt to quantify gross domestic product (GDP) indicates the economy grew 3.1 percent on an inflation-adjusted, annualized basis versus 3.0 in the second estimate. For comparison, GDP increased just 1.2 percent from
America’s trade deficit widened a little in July according to the Bureau of Economic Analysis. Growing $200 million to $43.7 billion from the revised tally of $43.5 billion (originally $43.6 billion), our nation’s trading shortfall gave back a portion of the prior month’s $2.8 billon improvement. Nonetheless, America continues to import much more that it exports.&n
America’s economy grew faster in the second quarter of 2017 than initially tallied according to data regarding gross domestic product (GDP) from the Bureau of Economic Analysis. After more complete information was collected, it now appears that output increased at the fastest pace since the first quarter of 2015. Growing 3.0 percent on an inflation-adjusted annualized basis (i
Orders for wares expected to last longer than three years took an expected tumble in July 2017 according to the Durable Goods Report from the Census Bureau. As Atlas wrote here, June’s outsized jump was led by soaring orders for aircraft (up 129.3 percent in period; downwardly revised from 131 percent), but this was not repeated a month later.
Sales of new homes improved slightly in June 2017 according to data from the Census Bureau. Signed contracts totaled 610,000 on an annualized basis, an uptick of 5,000 compared to May’s downwardly revised tally (originally 610,000 as well). Additionally, the year-over-year figure improved to 9.1 percent from 8.0 percent a month earlier, so the upward trend appears to be firmly