U.S. GDP growth

A Few Observations on the U.S. GDP Report

January 30, 2013

Analysts had anticipated slower economic growth in the final quarter of 2012 but not a 0.1% annualized contraction of GDP.  The politician/layman’s definition of a recession requires two straight quarters in which real GDP shrinks.  The more technical  requirements of the economists entrusted with dating economic downturns looks at monthly data for such things as […] More

Big Picture Reflections on Today’s U.S. Data

September 29, 2011

People who trade currencies daily put a heavy emphasis on how reported data compare to street forecasts, and whether a number is deemed bullish or bearish hinges on that immediate litmus test.  Today’s upward revision of second-quarter U.S. GDP growth to 1.3% from 1.0% was a bigger improvement than predicted.   New U.S. jobless claims of […] More

U.S. GDP Growth

January 28, 2011

U.S. real GDP growth strengthened to 3.2% annualized (saar) last quarter from 2.6% in the third quarter and 1.7% in 2Q.  GDP was 2.8% higher than in the final quarter of 2009 versus a net rise of just 0.2% between 4Q08 and 4Q09.  Real final sales expanded by a robust 7.1% saar, with advances of […] More