After poring over more complete data, the Bureau of Economic Analysis made a slight adjustment to their initial estimate of gross domestic product (GDP) in the second quarter of 2018. Initially reported as +4.1 percent on an annualized inflation-adjusted basis, they now believe output grew 4.2 percent. This revised tally will get one more adjustment in a final revision due out later
First quarter 2018 economic output was more moderate than earlier estimates suggested according to the Final Revision to Gross Domestic Product (GDP) from the Bureau of Economic Analysis (BEA). Their latest calculation indicates an annualized growth rate of 2.0 percent, downwardly revised from 2.2 percent in the second tally and 2.3 percent in the initial estimate. In sum, output sl
Fourth quarter 2017 gross domestic product (GDP) was revised down marginally after more complete data were gathered. The Bureau of Economic Analysis (BEA) downgraded the annualized growth rate to 2.5 percent from 2.6 percent in the first estimate. With a change as minor as this, the overall picture of economic growth remains the same.
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