USD Advance GDP q/q
It's the broadest measure of economic activity and the primary gauge of the economy's health;
While this is q/q data, it's reported in an annualized format (quarterly change x4). There are 3 versions of GDP released a month apart – Advance, Preliminary, and Final. The Advance release is the earliest and thus tends to have the most impact;
- USD Advance GDP q/q Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Apr 25, 2024 | 1.6% | 2.5% | 3.4% |
Jan 25, 2024 | 3.3% | 2.0% | 4.9% |
Oct 26, 2023 | 4.9% | 4.5% | 2.1% |
Jul 27, 2023 | 2.4% | 1.8% | 2.0% |
Apr 27, 2023 | 1.1% | 2.0% | 2.6% |
Jan 26, 2023 | 2.9% | 2.6% | 3.2% |
Oct 27, 2022 | 2.6% | 2.3% | -0.6% |
Jul 28, 2022 | -0.9% | 0.4% | -1.6% |
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- USD Advance GDP q/q News
- From cnbc.com|Apr 27, 2024|4 comments
The last batch of inflation news that Federal Reserve officials will see before their policy meeting next week is in, and none of it is very good. In the aggregate, Commerce Department indexes that the Fed relies on for inflation signals showed prices continuing to climb at a rate still considerably ahead of the central bank’s 2% annual goal, according to separate reports this week. Within that picture came several salient points: An abundance of money still sloshing through the financial system is giving consumers lasting buying ...
- From econbrowser.com|Apr 25, 2024|2 comments
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track. chart GDP-based recession indicator index. The plotted value for each date is based solely on the GDP numbers that were publicly available as of one quarter after the indicated date, with 2023:Q4 the last date shown on the graph. Shaded regions represent the NBER’s dates for recessions, which dates ...
- From axios.com|Apr 25, 2024
The economy is slowing down, but the outlook is not as bleak as the GDP headline figure suggests. Instead, the report tells a nuanced story of where things stand. Why it matters: The first quarter's 1.6% annualized growth rate confirms that the economy is not reaccelerating to start 2024. • Meanwhile, there are warning signs that inflation rebounded, which makes the prospect of interest rate cuts look all the more distant. The big picture: The GDP is an imperfect measure, with calculation quirks that can pull down (or boost) the ...
- From think.ing.com|Apr 25, 2024
US first quarter GDP growth is an annualised 1.6%, well below the 2.5% consensus expectation, but inflation is hotter with the core PCE deflator up 3.7% annualised versus 3.4% expected. This suggests, assuming no revisions to monthly data, that the core PCE deflator will come in above 0.4% tomorrow rather than the current 0.3%MoM consensus forecast. Unsurprisingly, Treasury yields have pushed higher as if that is the case, it makes a near-term Federal Reserve interest rate cut look even more unlikely. That said, this inflation number ...
- From whitehouse.gov|Apr 25, 2024|1 comment
Today’s report shows the American economy remains strong, with continued steady and stable growth. The economy has grown more since I took office than at this point in any presidential term in the last 25 years—including 3% growth over the last year—while unemployment has stayed below 4% for more than two years. But we have more work to do. Costs are too high for working families, and I am fighting to lower them. I took on Big Pharma to lower prescription drug and health care costs. I’m banning hidden junk fees that corporations use ...
- From bea.gov|Apr 25, 2024|16 comments
Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent. The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the first quarter, based on more complete source data, will be ...
- From think.ing.com|Apr 24, 2024
Positive risk sentiment is helping yields up and was reflected in solid demand for Greece’s 30y bond sale. Euro rates will now focus on this week’s US PCE reading as the impact is likely to spill over into the market pricing for 2024 European Central Bank cuts. Markets are happy to take on risk Risk appetite in the eurozone is healthy and helping yields up from the back end. Monday’s eurozone PMI numbers impressed markets and today the German Ifo survey was also slightly better than expected. Germany remains a drag on the overall ...
- From capitalspectator.com|Apr 23, 2024
The US economy appears on track to post softer growth in the first-quarter GDP report scheduled for release on Thursday (Apr. 25), based on the median for a set of nowcasts compiled by CapitalSpectator.com. Output for the January-through-March period is currently estimated at a 2.0% increase (seasonally adjusted real annual rate), unchanged from the previous estimate published on Apr. 5. If correct, the moderate increase will mark another quarter of decelerating growth. The economy rose 3.4% in last year’s fourth-quarter, a downshift ...
Released on Apr 25, 2024 |
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