Real GDP grew at a seasonally adjusted annual rate of 1.9% during the fourth quarter of 2016, according to the Bureau of Economic Analysis’s “advance” estimate, down from 3.5% in the third quarter. The deceleration reflected a dip in exports, a rise in imports, a deceleration of PCE, and a slowdown in federal government spending.
The U.S. economy will continue to expand, with growth in 2017 forecast to reach 2.1 percent, the ABA Economic Advisory Committee said today.
Real GDP for the third quarter of 2016 grew at a seasonally adjusted annual rate of 3.5%, according to the Bureau of Economic Analysis’s third estimate, up from the second estimate of 3.2%. The general picture of economic growth remains the same. The change in GDP estimates reflected upward revisions to nonresidential fixed investment, personal
Real GDP for the third quarter of 2016 grew at a seasonally adjusted annual rate of 3.2%, according to the Bureau of Economic Analysis’s revised estimate, up slightly from the advance estimate of 2.9%. The general picture of economic growth remained the same. The increase in the estimate was mostly due to personal consumption expenditures being
Real GDP grew at a seasonally adjusted annual rate of 2.9% during the third quarter of 2016, according to the Bureau of Economic Analysis’s “advance” estimate, up from 1.4% in the second quarter. The increase reflected positive contributions from personal consumption expenditures, exports, private inventory investment, federal government spending, and nonresidential fixed investment, partially offset
Real GDP for the second quarter of 2016 grew at an annual rate of 1.4%, according to the Bureau of Economic Analysis’s third estimate, up from the second estimate of 1.1%. The general picture of economic growth remained the same, as revisions to GDP components were small. The changes reflected minor upward revisions to nonresidential
Real GDP for the second quarter of 2016 grew at an annual rate of 1.1%, according to the Bureau of Economic Analysis’s revised estimate, down slightly from the advance estimate of 1.2%. The general picture of economic growth remained the same, as revisions to GDP components were small. The change in GDP reflected downward revisions
Real GDP grew at an annual rate of 1.2% during the second quarter of 2016, according to the Bureau of Economic Analysis’s “advance” estimate, up from the first quarter’s growth rate of 0.8%. The increase reflected positive contributions from personal consumption expenditures and exports, which were partially offset by negative contributions from private inventory investment, nonresidential
Real GDP for the first quarter of 2016 grew at an annual rate of 1.1 percent, according to the Bureau of Economic Analysis’s third estimate. First quarter GDP was revised up from the second estimate of 0.8 percent growth, as consumption was revised downward and exports increased more than previously estimated. During the fourth quarter
Real GDP for the first quarter of 2016 grew at an annual rate of 0.8 percent, according to the Bureau of Economic Analysis’s second estimate. First quarter GDP was revised up from the advance estimate of 0.5 percent growth, as the decrease in private inventory investment was smaller than previously estimated. During the fourth quarter