Posted On: 03/27/2015 7:48:59 AM
Post# of 63821
GDP
Released On 3/27/2015 8:30:00 AM For Q4f:2014
Prior Consensus Consensus Range
Real GDP - Q/Q change - SAAR 2.2 % 2.4 % 2.1 % to 2.6 %
GDP price index - Q/Q change - SAAR 0.1 % 0.1 % 0.1 % to 0.1 %
Recent History Of This Indicator
GDP fourth quarter GDP growth was revised down but the good news is that the softer growth was mainly due to a lower estimate for inventory investment. The economy grew 2.2 percent in the fourth quarter compared to the advance estimate of 2.6 percent. Expectations were for 2.1 percent. Final sales of domestic product were revised up to 2.1 percent from the initial estimate of 1.8 percent. Final sales to domestic purchasers were revised up to 3.2 percent from 2.8 percent. With the second estimate for the fourth quarter, inventory growth was revised down to $88.4 billion from the advance estimate of $113.1 billion. On the price front, the chain-weighted price index was revised up marginally to 0.1 percent annualized, compared to the advance estimate of no change. The core chain index, excluding food and energy, was unrevised from the initial estimate of 0.7 percent.
Definition
Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.
Released On 3/27/2015 8:30:00 AM For Q4f:2014
Prior Consensus Consensus Range
Real GDP - Q/Q change - SAAR 2.2 % 2.4 % 2.1 % to 2.6 %
GDP price index - Q/Q change - SAAR 0.1 % 0.1 % 0.1 % to 0.1 %
Recent History Of This Indicator
GDP fourth quarter GDP growth was revised down but the good news is that the softer growth was mainly due to a lower estimate for inventory investment. The economy grew 2.2 percent in the fourth quarter compared to the advance estimate of 2.6 percent. Expectations were for 2.1 percent. Final sales of domestic product were revised up to 2.1 percent from the initial estimate of 1.8 percent. Final sales to domestic purchasers were revised up to 3.2 percent from 2.8 percent. With the second estimate for the fourth quarter, inventory growth was revised down to $88.4 billion from the advance estimate of $113.1 billion. On the price front, the chain-weighted price index was revised up marginally to 0.1 percent annualized, compared to the advance estimate of no change. The core chain index, excluding food and energy, was unrevised from the initial estimate of 0.7 percent.
Definition
Gross Domestic Product (GDP) is the broadest measure of aggregate economic activity and encompasses every sector of the economy.
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