Thread: GDP - Gross Domestic Product

2nd estimate for Q1 GDP was 1.3%, higher than the 1.1% expected.

First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision

Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. This was the third and final estimate for Q1 GDP. The growth rate was 2.6% in the fourth quarter.

https://www.cnbc.com/2023/06/29/firs...-revision.html

GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls

Gross domestic product rose at a 2.4% annualized pace in the second quarter, topping the 2% estimate.

Consumer spending powered the solid quarter, aided by increases in nonresidential fixed investment, government spending and inventory growth.

A Commerce Department inflation gauge increased 2.6%, down from a 4.1% rise in Q1 and well below the estimate for a gain of 3.2%.

https://www.cnbc.com/2023/07/27/gdp-q2-2023-.html

GDP grew at a 4.9% annual pace in the third quarter, better than expected

Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by Dow Jones had been looking for a 4.7% acceleration.

https://www.cnbc.com/2023/10/26/us-g...-expected.html

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated at a 5.2% annualized pace, the department’s second estimate showed. The acceleration topped the initial 4.9% reading and was better than the 5% forecast from economists polled by Dow Jones.

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

Originally Posted by tsptalk

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated



U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

So much for Recession looming in the near future.
And with inflation down sharply (3.5% vs 9% a year ago) the GDP is not bolstered by the inflation component.
Still though a number closer to 3-4% would be more "Goldilocks" for stocks via possible rate cuts next year.

I thought the bond market's reaction to that was odd, with yields falling sharply and moving to another multi-month low.

Originally Posted by FireWeatherMet

So much for Recession looming in the near future.
And with inflation down sharply (3.5% vs 9% a year ago) the GDP is not bolstered by the inflation component.
Still though a number closer to 3-4% would be more "Goldilocks" for stocks via possible rate cuts next year.

Originally Posted by tsptalk

I thought the bond market's reaction to that was odd, with yields falling sharply and moving to another multi-month low.

The bond market doesn't believe the propaganda.

Third-quarter real GDP comes in lower than expected

CNBC’s Rick Santelli joins ‘Squawk Box’ to break down the third reading of Q3 real GDP, initial jobless claims and Philadelphia Fed manufacturing survey.

Video: Third-quarter real GDP comes in lower than expected


From Briefing.com:

Third quarter real GDP was revised lower, but it was still a heady 4.9% (Briefing.com consensus 5.2%) versus the second estimate of 5.2% and 2.1% in the second quarter.The GDP Price Deflator was revised down to 3.3% (Briefing.com consensus 3.6%) from 3.6% in the second estimate and 1.7% in the second quarter.

The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected

GDP, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the fourth quarter of 2023. Wall Street had been looking for a 2% gain.

The U.S. economy for all of 2023 accelerated at a 2.5% annualized pace, well ahead of the Wall Street outlook at the beginning of the year for few if any gains and better than the 1.9% increase in 2022.

A strong pace of consumer spending helped drive the expansion, as did government spending.

GDP Q4 2023: The U.S. economy grew at a 3.3% pace in the fourth quarter