Tag: GDP

US Q3 GDP Rebounds by 33%

As expected, the US economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the fixed investment categories. Third quarter GDP rose by 33.1%, compared with the 30.9% increase expected, the Commerce Department reported Thursday. Still, GDP was down 2.9% from the third quarter of 2019, an indication of the impact […]

GDP Will Rebound for Q3, But Not Nearly Enough

After the 31.4% plunge in second quarter GDP, there is no doubt that economic growth partially rebounded in the third quarter, data to be released Thursday will show. Consumption, home building and business activity all improved drastically from the lockdown-period of the previous quarter. But it will be a while until the economy completely gets […]

US Second Quarter GDP Revised Up to -31.4%

Second quarter US GDP Wednesday was revised up slightly due to upward adjustments to consumption and residential fixed investment. Analysts will look past this data and toward the third quarter’s likely partial recovery. Second quarter GDP was revised up to a 31.4% decline from the 31.7% drop in the second estimate. Analysts had expected GDP […]

Jobs Report Could See 1-2-3 Punch

The September employment report could be hit with a triple shot from Hurricanes Marco, Laura and Sally, adding to the already slowing pace of gains seen over the last three months. Hurricane Marco slammed into the Gulf Coast on August 24, followed swiftly by Hurricane Laura on August 27, both too late to be captured […]

US Q2 GDP Revised Up to -31.7%

Second quarter GDP was revised up due to upward adjustments to all its components. Even with the small improvement, though, the second quarter reading remains the largest quarterly decline since the Great Depression. As a result, analysts will look past this data and toward the third quarter’s partial recovery. July data have been generally positive, […]

Status Check: No Good News for Virus, GDP, Jobs; Trump Distracts

The following is Thursday’s status check of developments in the US that can influence economic, health and political outcomes: Thursday’s welter of policy countercurrents, paralysis and confusion about ominous suggestions from the president was in contrast to the stark facts about the virus that stood out in sharp relief, that there were 1,400 US deaths, […]

The COVID Bill Comes Due with Q2 US GDP

All throughout the COVID-19 shutdown, everyone from talking heads to economists to politicians spoke about second quarter GDP in ominous terms – a data point that was way down the road at the time. So now here we are. The advance estimate of second-quarter GDP will be released Thursday morning, and it will be bad. […]

US Initial Claims Slow: Durable Goods Orders Surge

The massive amount of US data released simultaneously Thursday ultimately showed that the rate of claims declines continued to slow even as economic activity picked up in the manufacturing sector. US initial jobless claims filings fell further in the June 20 week, but the level of new filings remains well above one million more than […]

US Q1 GDP Contracts by 4.8%

The US economy contracted in the first quarter, as growth in January and February was more than wiped out by business shutdowns late in March, a trend that will likely carry over into the second quarter. First quarter GDP fell by 4.8%, compared with a 3.7% decline expected, with consumption and business investment the hardest […]

Profit & Loss is no longer publishing

Thank you for 21 great years of support