Fourth quarter GDP growth disappointed with a 2.6% advance estimate compared to economists’ estimates of 3.2%. Personal consumption expenditure, which accounts for about 70% of demand in the U.S. economy, rose 4.3%. Inventories surprised to the upside adding 0.82% to GDP. Exports grew by 2.8%, a...
Monthly Market Reviews
Vantage Consulting Group regularly issues a Monthly Market Review. You may browse most recent Reviews below.
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Monthly Review, January 2015
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Monthly Review, February 2015
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Real GDP grew 2.2% in the fourth quarter of 2014 according to the revised estimate released by the Bureau of Economic Analysis compared to the original estimate of 2.6%. Growth was weaker than previously estimated as private inventory investment increased less than previously estimated while...
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Monthly Review, March 2015
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U.S. Real GDP grew at 2.2% during the fourth quarter of 2014 according to the third estimate released by the Bureau of Economic Analysis. The figure remained unchanged from the prior estimate as increases in exports and personal consumption expenditures (PCE) were offset by weaker inventory...
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Monthly Review, April 2015
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First quarter real GDP in US grew 0.2%, well below the expected 1%, according to the initial estimate released by the Bureau of Economic Analysis. This increase primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment, which were...
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VCG Monthly Review June 2015
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US first quarter real GDP declined at a 0.2% annualized rate (a.r.), according to the third estimate released by the Bureau of Economic Analysis (BEA). This is an improvement over the previous estimate of -0.7% as personal consumption and gross private domestic investment were stronger than...
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VCG Monthly Review May 2015
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US first quarter real GDP was weaker than initially thought, contracting by 0.7% annualized rate (a.r.), according to the second estimate released by the Bureau of Economic Analysis (BEA). In the advance estimate, real GDP increased 0.2%. The downward revision was primarily driven by higher...
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VCG Monthly Review July 2015
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US second quarter real GDP came in at a 2.3% annualized rate (a.r.), according to the advance estimate released by the Bureau of Economic Analysis (BEA). This was at the lower end of the consensus range of 1.9% to 3.5%. The second quarter real GDP increase reflected positive contributions from...
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VCG Monthly Review Aug 2015
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US economic reports in August were generally strong. Second quarter real GDP growth was revised from a 2.3% to a 3.7% annualized rate (a.r.). The revision in real GDP primarily reflected upward adjustments to Personal Consumption Expenditures (PCE), nonresidential fixed investment, state and...
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VCG Monthly Review Sept 2015
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US real GDP expanded at an annual rate of 3.9% in the second quarter according to the third estimate released by the Bureau of Economic Analysis. This is a 0.2% increase over the prior estimate of 3.7%, driven primarily by an upward revision in Personal Consumption Expenditures (from 3.1% to 3.6...
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VCG Monthly Review Oct 2015
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The US economy grew at an annualized rate (a.r.) of 1.5% during the third quarter according to the advance estimate. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures, state and local government spending,...
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VCG Monthly Review Nov 2015
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Economic data released during November was mostly weaker than expected with the exception of October’s jobs report. US third quarter GDP growth was revised higher from 1.5% to a 2.1% annual rate. The higher growth rate was primarily due to a smaller than previously estimated inventory adjustment...
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VCG Monthly Review Dec 2015
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The U.S. economy expanded at a 2.0% rate in the third quarter, slower than the prior estimate of 2.1%. The downward revision was the outcome of a larger trade deficit stemming from a strong U.S. Dollar, weak global demand and falling commodity prices. Volatile business inventories reduced more...
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Market Review, February 2012
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The U.S. fourth quarter real GDP grew by 3%, slightly above the initial estimate of 2.8%. Nonresidential fixed investment and personal consumption expenditure were higher than initially estimated.
The headline and core Consumer Price Index (CPI) rose 0.2% in January. Year over year, the...
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Market Review, October 2010
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The initial GDP numbers show that the US economy continues on its path towards a slow and sluggish recovery. The third quarter GDP (advance estimate) increased at an annual rate of 2%, close to the consensus estimate of 2.1% and a slight acceleration from the second quarter’s 1.7%.
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Market Review, November 2010
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The U.S. real GDP grew at an annual rate of 2.5% in the third quarter according to the revised (second) estimate. This is higher than the initial estimate of 2% and slightly above the consensus of 2.4%. This falls within our expectations of a soft recovery (VCG – Outlook – Third Quarter 2010)....
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Market Review, December 2010
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The U.S. real GDP was revised upward to an annual rate of +2.6% in the third quarter according to the third and final estimate. This is higher than the earlier estimate of +2.5% but below the +2.8% consensus estimate. The modest increase can be attributed to a slight reduction in consumer...
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Market Review, January 2011
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The U.S. economy picked up steam towards the end of 2010 as U.S. consumers increased spending and U.S. companies increased their net exports. The real gross domestic product of the U.S. grew at an annual pace of 3.2% during the fourth quarter, according to the initial estimate. U.S. consumer...
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Market Review, February 2011
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Real GDP in the U.S. increased at an annual rate of 2.8% in the fourth quarter of 2010, according to the second estimate released by BEA. This is lower than the advance estimate of 3.2% and the consensus of 3.3% as consumers and state and local governments spent less than previously estimated....
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Market Review, March 2011
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The 2010 fourth quarter Real GDP in the U.S. was revised upward to an annual rate of 3.1%, according to the third and final estimate released by BEA. The increase was primarily due to a greater than previously estimated rise in private inventories. The Real GDP growth rate for all of 2010 is 2.9...
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Market Review, April 2011
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The 2011 first quarter Real GDP in the U.S. increased at an annual rate of 1.8% after a 3.1% rise in the previous quarter according to the advance estimates from BEA. The weakened growth rate is primarily attributed to higher food and energy prices along with adverse weather during the first two...