Global| Mar 26 2020U.S. GDP Growth Is Unrevised
Summary
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The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019, unrevised from the advance estimate.........
The GDP figures can be found in Haver's USECON and USNA database. USNA contains virtually all of the Bureau of Economic Analysis' detail in the national accounts. Both databases include tables of the newly published not seasonally adjusted data. The Action Economics consensus estimates can be found in AS1REPNA.
| Chained 2012 $ (%, AR) |
|
Q4'19 (Advance Estimate) | Q3'19 | Q2'19 | Q4'19 Y/Y | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Gross Domestic Product | 2.1 | 2.1 | 2.1 | 2.0 | 2.3 | 2.3 | 2.9 | 2.4 |
| Inventory Effect (%-point) | -1.0 | -1.1 | 0.0 | -0.9 | -0.4 | 0.1 | 0.1 | 0.1 |
| Final Sales | 3.1 | 3.2 | 2.1 | 3.0 | 2.7 | 2.2 | 2.8 | 2.3 |
| Foreign Trade Effect (%-point) | 1.5 | 1.5 | -0.1 | -0.7 | 0.4 | -0.1 | -0.2 | -0.2 |
| Domestic Final Sales | 1.5 | 1.6 | 2.2 | 3.6 | 2.3 | 2.3 | 3.0 | 2.5 |
| Personal Consumption Expenditure | 1.7 | 1.8 | 3.1 | 4.6 | 2.6 | 2.6 | 3.0 | 2.6 |
| Nonresidential Fixed Investment | -2.3 | -1.5 | -2.3 | -1.0 | -0.3 | 2.1 | 6.4 | 4.4 |
| Residential Investment | 6.1 | 5.8 | 4.6 | -2.9 | 1.6 | -1.5 | -1.5 | 3.5 |
| Government Spending | 2.6 | 2.7 | 1.7 | 4.8 | 3.0 | 2.3 | 1.7 | 0.7 |
| Chain-Type Price Index | ||||||||
| GDP | 1.3 | 1.4 | 1.8 | 2.4 | 1.6 | 1.8 | 2.4 | 1.9 |
| Personal Consumption Expenditure | 1.3 | 1.6 | 1.5 | 2.4 | 1.4 | 1.4 | 2.1 | 1.8 |
| Less Food & Energy | 1.2 | 1.3 | 2.1 | 1.9 | 1.6 | 1.6 | 1.9 | 1.6 |
| Nonresidential Investment | 0.5 | -0.2 | 0.5 | 2.0 | 1.2 | 1.1 | 1.4 | 1.0 |
| Residential Investment | 2.6 | 2.7 | 3.4 | 1.7 | 2.6 | 2.9 | 5.6 | 4.5 |
Carol Stone, CBE
AuthorMore in Author Profile »Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
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