US Economy Grows Just 1.1% in First Quarter Despite Personal Consumption Spending Accelerating

The US economy increased Real GDP at an annualized rate of 1.1% (consensus 2.0%) after increasing 2.6% in the fourth quarter and rose 3.2% in the third quarter last year Advance Q1 GDP showed. The GDP Price Deflator increased to 4.0% (consensus 3.7%) from 3.9%. The report missed expectations suggesting the economy struggled in the face of rising interest rates, moderating consumer spending (and inflation), political uncertainty and falling sentiment. However weakness wasn’t the consumer, personal consumption expenditure growth accelerated in … Continue reading “US Economy Grows Just 1.1% in First Quarter Despite Personal Consumption Spending Accelerating”

Germany’s Economy Unexpectantly Contracts in Q4

Germany’s gross domestic product (GDP) contracted 0.2 percent for the quarter in the final three months of 2022, following an upwardly revised 0.5 percent expansion in the previous period. The market expectations of 0.0% q/q. The contraction in Europe’s largest economy was mainly led by a decline in household consumption, amid rising interest rates and stubbornly high inflation. By comparison the US economy increased at an annual rate of 2.9% in the fourth quarter, ahead of consensus 2.6%. On a … Continue reading “Germany’s Economy Unexpectantly Contracts in Q4”

US Economy a Long Way from Recession in Q4, GDP Grew 2.9%

The US economy increased at an annual rate of 2.9% in the fourth quarter, ahead of consensus 2.6%. The report followed a 3.2% increase in the third quarter. The report suggests the economy was resilient and held on in the fourth quarter in the face of rising interest rates, moderating consumer spending (and inflation), political uncertainty and falling sentiment. The GDP Price Deflator was up 3.5% (consensus 3.2%) following a 4.4% increase in the third quarter. The Q4 PCE Price … Continue reading “US Economy a Long Way from Recession in Q4, GDP Grew 2.9%”

Consumer Spending Helped US Economy Grow Stronger than Expected in Third Quarter

The US economy has recovered strongly in the third quarter, growing at an annualized 3.2% on quarter in Q3 2022, ahead of the second estimate and consensus 2.9%. Significantly higher than the advance estimate +2.6% and Q2 GDP of -0.6%. The report ended a two-quarter streak of negative GDP prints. The report suggests the economy was resilient held in the third quarter to rising interest rates and why the Fed continued to raise rates aggressively in the third quarter. The American … Continue reading “Consumer Spending Helped US Economy Grow Stronger than Expected in Third Quarter”

US Q3 GDP Grew 2.6% Ending a Two Quarter Streak of Negative GDP

The US economy increased at an annual rate of 2.6% in the third quarter, ahead of consensus 2.3%. The report ends a two-quarter streak of negative GDP prints. The report suggests the economy was resilient held in the third quarter to rising interest rates. Real final sales of domestic product, which excludes the change in private inventories, grew a sturdy 3.3%. The GDP Price Deflator stepped down to 4.1% (consensus 5.3%) from 9.0% in the second quarter. USA Advance Q3 … Continue reading “US Q3 GDP Grew 2.6% Ending a Two Quarter Streak of Negative GDP”

US Q2 GDP Shrank 0.9% Putting America in Recession Despite Biden Administration Denials

The US economy had the second contraction since early in the pandemic shrinking -0.9% vs +0.5% expected in the second quarter after a -1.6 percent decline in the first, confirming that a recession has already begun. A recession is defined as two consecutive negative quarters of growth. Bewilderingly the Biden Administration through the President himself and Treasury Secretary Yellen continue to deny the US is a recession and the definition is wrong. What these continual false truths has done is … Continue reading “US Q2 GDP Shrank 0.9% Putting America in Recession Despite Biden Administration Denials”

Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected

The US economy had the first contraction since early in the pandemic shrining 1.4% in the first quarter after it was expected to grow 1.1%. The decline in U.S. gross domestic product was a sharp reversal from the 6.9% annual growth rate in the fourth quarter, the Commerce Department said Thursday. The drop in GDP was fueled by a widening trade deficit. Fading government stimulus spending related to the pandemic weighed on GDP. USA Advance Q1 2022 GDP highlights The … Continue reading “Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected”

Evaluate Economic Progress With The Inclusive Development Index

What is clear in 2019 politcy makers responses have misjudged the global economy. The Inclusive Development Index (IDI)reflects more closely the criteria by which people evaluate their countries’ economic progress and is designed as an alternative GDP measures.

Auto and Truck Sales Impact on The American Economy

Auto and auto parts companies impact U.S. economic growth which is a debt led consumer economy. With spiralling auto debt it affects the whole finance pyramid. The U.S. auto industry helps drive industrial production, service and finance industries and insight into consumer trends.