Consumer Metrics

BEA Report Shows GDP Growth Slowing During 1Q-2012 to 2.20%

BEA Report Shows GDP Growth Slowing During 1Q-2012 to 2.20%

In their "advanced" estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.20%, down more than three-quarters of a percent from the fourth quarter of 2011....
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BEA Leaves 4Q-2011 Annualized GDP Growth Essentially Unchanged at 2.97%

BEA Leaves 4Q-2011 Annualized GDP Growth Essentially Unchanged at 2.97%

In their "final" revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.97%, down a mere 0.01 percent from their last estimate for the f...
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BEA Revises 4Q-2011 Annualized GDP Growth to 2.98%

BEA Revises 4Q-2011 Annualized GDP Growth to 2.98%

In their first revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of economic growth was 2.98%, up about a quarter of a percent from their "advance" estimate of 2.75% for ...
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Headline 4Q-2011 GDP Growth of 2.75% Masks Mixed Signals

Headline 4Q-2011 GDP Growth of 2.75% Masks Mixed Signals

In their "Advance" estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of economic growth had risen to 2.75%, up slightly less than one percent from their "final" estimate of 1.81% for the t...
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Third Quarter GDP Revised Downward Yet Again

Third Quarter GDP Revised Downward Yet Again

In their third estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward once again to an annualized growth rate of 1.81%. This revision represents a drop in the reported growth rate o...
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Third Quarter GDP Revised Downward

Third Quarter GDP Revised Downward

In their second estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward by over a half percent to an annualized growth rate of 2.01%. The real story within the data, however, was tha...
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GDP Improves Dramatically

GDP Improves Dramatically

The Bureau of Economic Analysis's (BEA) first ("Advance") estimate of third quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 2.46%, nearly twice the rate reported for the second quarter. The improvements were broadly spread across ...
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BEA Adjusts Second Quarter GDP Growth Rate Upward

BEA Adjusts Second Quarter GDP Growth Rate Upward

The Bureau of Economic Analysis's (BEA) third estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 1.34%, an upward adjustment from their previous data. The new growth number was .36% higher than the number reported ...
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BEA Lowers Second Quarter GDP Growth Rate to Below 1%

BEA Lowers Second Quarter GDP Growth Rate to Below 1%

The Bureau of Economic Analysis's (BEA) second estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 0.98%, continuing their recent trend of revising previously reported economic growth rates down. The new growth numb...
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Special Update: Daily Growth Index Breaks Positive

Special Update: Daily Growth Index Breaks Positive

On August 3, 2011 our Daily Growth Index went into growth territory for the first time in 566 days -- ending the longest consecutive string of contraction-days that we have ever experienced. Furthermore, the rise off of the record lows set as recen...
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BEA Reports 1Q-2011 and "Great Recession" Far Worse Than We Were Previously Told

BEA Reports 1Q-2011 and "Great Recession" Far Worse Than We Were Previously Told

Included in the BEA's first ("Advance") estimate of second quarter 2011 GDP were significant downward revisions to previously published data, some of it dating back to 2003. Astonishingly, the BEA even substantially cut their annualized GDP growth ...
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The BEA’s Third (and "Final") Estimate of First Quarter 2011 GDP

The BEA’s Third (and "Final") Estimate of First Quarter 2011 GDP

The Bureau of Economic Analysis (BEA) revised their estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) up slightly to 1.92%. This is their third and final regularly scheduled estimate of the first qua...
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The BEA’s Second Estimate of First Quarter 2011 GDP

The BEA’s Second Estimate of First Quarter 2011 GDP

The Bureau of Economic Analysis (BEA) kept their estimate of the annualized growth rate of the first quarter 2011 U.S. Gross Domestic Product (GDP) essentially unchanged at 1.84%. Although the overall growth rate was essentially unchanged the compo...
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Retail Sales and Credit Expansions

Retail Sales and Credit Expansions

Last week the International Council of Shopping Centers (ICSC) reported that their member retail chains had experienced a 1.7% year-over-year gain for the month of March. Additionally, the Federal Reserve reported that total consumer credit increas...
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The BEA’s Third Estimate of Fourth Quarter 2010 GDP

The BEA’s Third Estimate of Fourth Quarter 2010 GDP

The Bureau of Economic Analysis (BEA) raised their estimate of the annualized growth rate of the fourth quarter 2010 U.S. Gross Domestic Product (GDP) from 2.79% to 3.11%, an increase of .32% and some 0.56% higher than their estimate of the third q...
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News and the Consumer, Reflections on Chernobyl and the Economy

News and the Consumer, Reflections on Chernobyl and the Economy

During the past week we have again witnessed the extraordinary effect that major news events can have on "real-time" consumer demand for discretionary durable goods. On Monday March 14, 2011 our Weighted Composite Index set a new one-day record low...
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