Items Tagged with 'Commerce Department'

ARTICLES

  • First quarter GDP holds steady at 3.1%

    Current-dollar GDP rises to 3.8% in Q1's third estimate
    Real gross domestic product increased at an annual rate of 3.1% in the first quarter of 2019, according to the third estimate released by the U.S. Bureau of Economic Analysis. Today's first quarter GDP estimate is based on more complete source data than was available for the advance numbers issued last month.
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  • First quarter GDP is revised down to 3.1% as corporate profits slowed

    Negative contributions to GDP came from residential fixed investments
    Real gross domestic product increased at an annual rate of 3.1% in the first quarter of 2019, according to the second estimate released by the U.S. Bureau of Economic Analysis. Today's estimate is based on more complete source data than was available for the advance numbers issued last month, when GDP was estimated at 3.2%.
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  • U.S. economy rebounds, exceeding market expectations

    Economy grew 3.2% in the first quarter, signaling strong start to 2019
    Gross Domestic Product reversed its course in in the first quarter of 2019, according to the advanced estimate from the Bureau of Economic Analysis. Mortgage Bankers Association Chief Economist Mike Fratantoni said although this advance estimate is subject to revision, if it holds up, this faster growth should continue to provide strong support for the job and housing markets.
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  • Another sign of a slowing economy: GDP growth is revised downward

    Economy grew just 2.2% in the fourth quarter, revealing slow start to 2019
    Gross domestic product grew 2.2% in the fourth quarter of 2018, coming in less than the estimated 2.6% and serving as yet another sign of a looming economic slowdown. This is also less than the third quarter's GDP growth, which totaled 3.4%, according to the latest data from the Bureau of Economic Analysis.
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  • The GDP loses momentum

    Especially in the fourth quarter
    The GDP, the value of everything a nation produces, showed a significant markdown this fourth quarter compared to the 3.9% increase last spring, according to Market Watch. The economy expanded at a 2.4% clip last year, the same as in 2014, the Commerce Department said. The U.S. hasn’t topped 3% growth since 2005.
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  • New home sales fell 7% in December

    Market inventory reaches a 5-month supply
    New home sales maintained a downward trajectory in December, falling 7% below November’s revised rate of 445,000 unit sales to a seasonally adjusted annual rate of 414,000 units. But this is still 4.5% above year earlier levels.
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