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Showing 1 - 10 of 19 results for "Bureau of Economic Analysis"

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... US's real gross domestic product (GDP) decreased for the second consecutive quarter, according to the Bureau of Economic Analysis, but don't call it a recession. GDP decreased at an annual rate of 0.9% in Q2, this follows the 1.6% retracement ...

Economic recap: Week to July 30

BENJAMIN ONG  |  MONDAY, 2 AUG 2021
... estimate of US GDP growth and the Fed's July FOMC meeting took centre stage last week. The US Bureau of Economic Analysis (BEA) reported that the country's GDP growth increased at an annualised rate of 6.5% in the second quarter. This represents ...

Chief economist update: Not out of the woods

BENJAMIN ONG  |  FRIDAY, 30 OCT 2020
... reversed its biggest economic contraction in history with the sharpest recovery on record. The US Bureau of Economic Analysis (BEA) reported that the country's GDP increased at annualised rate of 33.1% in the September 2020 quarter following the ...

Chief economist update: A tiny bug takes down the largest economy

BENJAMIN ONG  |  FRIDAY, 31 JUL 2020
... still doing its rounds around the world and... assuming that that 9.5% is the number by which the US Bureau of Economic Analysis (BEA) normally and traditionally reports the economy's scorecard - annualising the quarter on quarter growth rate. No ...

Chief economist update: US economic growth is slowing and accelerating

BENJAMIN ONG  |  FRIDAY, 1 MAR 2019
US economic growth has slowed in the final quarter of 2018. US economic growth continues to accelerate in the last quarter of 2018. Both are correct statements. It only depends what measurement of US GDP growth rate is used. The US Bureau of Economic ...

Chief economist update: Talking trade tariffs

BENJAMIN ONG  |  FRIDAY, 4 MAY 2018
... external account is improving and this could help temper tensions between the opposing sides. The US Bureau of Economic Analysis (BEA) reports that the US trade deficit narrowed to US$49 billion in March from US$57.7 billion in the previous month. The ...

Powered by low-flation

BENJAMIN ONG  |  MONDAY, 31 JUL 2017
... consumption eased to 1.6% in the year to the June quarter from 2% in March. Moreover, according to the Bureau of Economic Analysis (BEA): "Prices of goods and services purchased by US residents increased 0.8% in the second quarter of 2017, after increasing ...

100 days of Trump (and counting)

BENJAMIN ONG  |  MONDAY, 1 MAY 2017
... the previous quarter. This is at odds with buoyant consumer sentiment surveys and underscores the Bureau of Economic Analysis' (BEA) problem with seasonal adjustment (first quarter scores have been unusually low in recent times). But even if we take ...

Locked in

BENJAMIN ONG  |  MONDAY, 5 DEC 2016
... released before the payrolls report made this moot, employment after all is a lagging indicator. The Bureau of Economic Analysis upgraded US third quarter GDP growth to an annualised rate of 3.2% from the advance estimate of 2.9% and 1.4% in the second ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 30 NOV 2016
... Today's data releases out of the US all but strengthens expectations for a December Fed rate hike. The Bureau of Economic Analysis upgraded US third quarter GDP growth to an annualised rate of 3.2% from the advance estimate of 2.9% and 1.4% in the second ...
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