GDP

GDP 1.7% for Q2 2013

Q1 2013 real GDP came in at 1.7%   Q1 GDP was revised down to 1.1%.   Government spending declines were much less of a drag on the economy than Q1 while imports sucked out -1.51 percentage points of economic growth.   Exports did recover but were about half of what imports subtracted from GDP.  Investment grew on across the board increases.   Consumer spending decreased slightly from Q1.  Generally speaking 1.7% GDP implies fairly weak economic growth, the third quarter in a row for GDP below 2.0%.

GDP Revised Down to 1.8% for Q1 2013

Q1 2013 real GDP was revised downward to 1.8% from 2.4%.   This is fairly bad news, as fourth quarter 0.4% GDP already showed a stagnant economy.   The revisions were so extensive it is like reading a different report.  Consumer spending was the biggest downward revision followed by significantly less exports than originally reported.

GDP Revised Down Slightly to 2.4% for Q1 2013

Q1 2013 real GDP was revised downward slightly to 2.4% from 2.5%.   This is still an improvement, from the fourth quarter 0.4% GDP showing a stagnant economy.   Consumer spending was the biggest improvement while increased imports posed a major economic drag.  Government spending declines continue to be an economic damper.  The revision shows more consumer spending than originally reported, less investment, less imports, less exports and government expenditures were less than previously estimated.  Generally speaking a 2.4% GDP implies moderate economic growth, yet overall real demand in the economy is still fairly weak.

GDP 2.5% for Q1 2013

Q1 2013 real GDP came in at 2.5%   This is an improvement, from the stagnant economy GDP in the 4th quarter implied.   Government spending declines continue to be a drag on the economy and sucked out -0.9 percentage points from 1st quarter real gross domestic product growth.  Imports increased and cost the United States -0.9 percentage points of Q1 GDP.   Investment recovered on changes to farm private inventories.   Consumer spending increased from Q4 as well.  Generally speaking 2.5% GDP implies moderate economic growth, yet overall demand in the economy is weak.

Q4 2012 GDP 0.4%

Q4 2012 real GDP was revised upward by 0.3 percentage points to 0.4% after the second revision.   While an improvement, gross domestic product results still imply a stagnant economy in the 4th quarter.   Government spending declines were the drag on the economy and sucked out -1.41 percentage points from 4th quarter real gross domestic product growth.  Federal defense spending alone declined  22.1% from Q3.   Nonresidential fixed investment was revised higher and businesses purchased equipment and software.  Private inventory changes hacked off -1.52 percentage points from Q4 real GDP as businesses shed their inventories.   Even without inventories in the economic growth mix,  the economy is still suffering from weakness in demand.

Q4 2012 GDP Revised to a Barely Breathing 0.1%

Q4 2012 real GDP grew by just 0.1% after the second revision.  While technically not in contraction, 4th quarter gross domestic product results imply the economy was officially D.O.A.   Trade imports plunged, which helped economic growth.  Government spending cliff dove and sucked out -1.38 percentage points from 4th quarter real gross domestic product growth as federal defense spending declined 22.0% from Q3.   Private inventory changes hacked off -1.55 percentage points from Q4 real GDP as businesses shed their inventories.  Even without inventories in the economic growth mix,  the economy is still suffering from weak demand.

GDP Contracted -0.1% for Q4 2012!

Q4 2012 real GDP contracted by -0.1%.  Inventory investment nose dived, but was not the lone culprit for economic contraction.    Exports plunged and took -0.81 real GDP percentage points along with it.  Government spending cliff dove and hacked off -1.33 percentage points from 4th quarter gross domestic product as Federal Defense spending declined 22.2% from Q3.

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