Moneymoney

Thu Feb 28, 2019, 09:35 AM

Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2018

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2018 (table 1), according to the "initial" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.4 percent.

Due to the recent partial government shutdown, this initial report for the fourth quarter and annual GDP for 2018 replaces the release of the "advance" estimate originally scheduled for January 30th and the "second" estimate originally scheduled for February 28th. See the Technical Note for details.

The Bureau emphasized that the fourth-quarter initial estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see “Source Data for the Initial Estimate” on page 3). Updated estimates for the fourth quarter, based on more complete data, will be released on March 28, 2019.



...

2018 GDP

Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level), compared with an increase of 2.2 percent in 2017 (table 1).

The increase in real GDP in 2018 primarily reflected positive contributions from PCE, nonresidential fixed investment, exports, federal government spending, private inventory investment, and state and local government spending that were slightly offset by a small negative contribution from residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased (table 2).

The acceleration in real GDP from 2017 to 2018 primarily reflected accelerations in nonresidential fixed investment, private inventory investment, federal government spending, exports, and PCE, and an upturn in state and local government spending that were partly offset by a downturn in residential investment.

...

https://www.bea.gov/news/2019/initial-gross-domestic-product-4th-quarter-and-annual-2018

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Reply Real gross domestic product (GDP) increased 2.6 percent in the fourth quarter of 2018 (Original post)
Isidore Feb 28 OP
uncledad Feb 28 #1
outside Feb 28 #2

Response to Isidore (Original post)

Thu Feb 28, 2019, 12:57 PM

1. Wishful computations

" They will pump the number up according to plan... revisions will get buried come spring " said myself.

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Response to Isidore (Original post)

Thu Feb 28, 2019, 07:04 PM

2. Nothing about

the worst winter in 100 years? I had to wait weeks to get parts out of Chicago.

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