Monthly Market Reviews

The U.S. second quarter real GDP increased at an annual rate of 1.3%, significantly lower than the 1.8% expected annual growth rate. Consumer spending (red bar in the graph below) decelerated sharply during the quarter, advancing at an annual rate of 0.1%, the weakest growth rate reported since...

Led by personal consumption, the U.S. economy picked up pace during the third quarter, growing at 2.5%, above the consensus estimate of 2.4%, according to the advance estimates released by the Bureau of Economic Analysis. With this rise, real GDP is now just above the previous high set in 2007....

Third quarter real Gross Domestic Product was revised downward again. According to the third estimate released by the Bureau of Economic Analysis, third quarter GDP is reported to have increased 1.8% annualized, less than the 2.0% second estimate released in November and the 2.5% preliminary...

September economic data was in line with our expectations (VCG – Outlook - Second Quarter 2010) and paints a picture of soft growth. The US economy grew at a pace of 1.7% for the second quarter of 2010. This third revised growth estimate, although better than the second revision, is a weak...

Despite the mild winter, U.S. first quarter GDP came in at a 2.2% annualized growth rate, down from the 3.0% pace in the fourth quarter of last year and below the consensus of 2.5%. This has reignited debates about the sustainability of the recovery and the possibility of further Fed...

The third estimate for U.S. first quarter real GDP remained unchanged from last month’s second estimate of 1.9%. This reflected a downward revision to imports and an upward revision to non-residential fixed investment offset by downward revisions to exports, personal consumption expenditures,...

The economic reports were mixed in August. The U.S. second quarter real GDP was revised to 1.7%, up from its previous estimate of 1.5%, according to the Bureau of Economic Analysis. The 0.2% increase was  attributed to lower imports and contributions from consumption, exports and state/local...

U.S. third quarter real GDP grew at an annual growth rate of 2% according to the advance estimates, topping the lackluster 1.3% growth in second quarter and slightly better than the expected 1.8%. Consumer spending (red bar in the chart below) accounted for most of the growth in GDP, while...

U.S. third quarter real GDP grew at an annual rate of 3.1% according to the BEA’s third and final revision. The revision was a surprise, up from earlier estimates of 2.7% and 2%. The main drivers of third quarter growth were accelerating inventory buildup and government spending, which are...