GDP

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2014 Economic Calendar
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GDP Released On 9/26/2014 8:30:00 AM For Q2f:2014 Prior Consensus Consensus Range Actual Real GDP - Q/Q change - SAAR 4.2 % 4.6 % 4.3 % to 5.0 % 4.6 % GDP price index - Q/Q change - SAAR 2.1 % 2.1 % 2.1 % to 2.2 % 2.1 % Highlights The final revision to second quarter GDP growth showed an upward revision to 4.6 percent from the prior estimate of 4.2 percent and compared to the first quarter decline of 2.1 percent. The revision matched expectations. Upward revisions primarily came from nonresidential fixed investment, residential investment, and exports. Looking at growth rates (instead of the direction and degree of component revisions), strength for the second quarter was broad based in inventory investment, net exports, nonresidential fixed investment and residential investment. Personal consumption also was healthy. Chain-weighted prices advanced 2.1 percent annualized, equaling the prior estimate and forecasts and compared to the first quarter number of 1.3 percent. The general picture of the second quarter has not changed. Second quarter strength to a notable degree was a rebound from the weather-related decline in the first quarter. This was especially true for inventories and construction components. Nonetheless, the quarter was moderately favorable. However, the rebound effect will show up little if at all in the third quarter and a more moderate number should be expected. Recent History Of This Indicator GDP growth for the second quarter was higher than expected. The second estimate for second quarter GDP growth came in at 4.2 percent annualized versus a 4.0 percent forecast and coming off a 2.1 percent weather related drop in the first quarter. With this second estimate for the second quarter, the general picture of economic growth remained the same; the increase in nonresidential fixed investment was larger than previously estimated, while the increase in private inventory investment was smaller than previously estimated. Real final sales of domestic product-GDP less change in private inventories-increased 2.8 percent in the second quarter, in contrast to a decrease of 1.0 percent in the first. Real final sales to domestic purchasers gained 3.1 percent versus 0.7 in the first quarter. Chain-weighted prices gained 2.1 percent annualized, compared to the consensus for 2.0 percent and the first quarter number of 1.3 percent. Definition Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.  Why Investors Care   Real GDP growth is always quoted at a quarterly annual rate. It measures how much the economy has grown over a three-month period. Quarterly growth rates are often volatile; consequently, economists also like to look at the year-over-year growth in GDP. The yearly changes tend to be more stable. Data Source: Haver Analytics   It is common to compare quarterly changes at annual rates in the GDP deflator. These can be volatile, just like the quarterly swings in real GDP growth; as a result, the trend in inflation is better determined by year- over- year changes. Data Source: Haver Analytics   Please note: Your browser must display iFrames to view the Interactive charts.   2014 Release Schedule Released On: 1/30 2/28 3/27 4/30 5/29 6/25 7/30 8/28 9/26 10/30 11/25 12/23 Release For: Q4a:2013 Q4p:2013 Q4f:2013 Q1a:2014 Q1p:2014 Q1f:2014 Q2a:2014 Q2p:2014 Q2f:2014 Q3a:2014 Q3p:2014 Q3f:2014   A: Advance P: Preliminary F: Final Share this page 2 Legal Notices | ©Copyright 1998-2014 Econoday, Inc.  powered by