• 5 hours Federal Reserve Downgrades U.S. Growth And Cuts Rate Hikes
  • 8 hours Disney Beats Out Comcast In $71.3B Mega-Merger
  • 11 hours The Feds Continue To Prop Up Equities Markets
  • 13 hours Bejing's Sway In South China Sea Is Fading
  • 1 day Saudis Eye Billions As Stocks Get Emerging Market Boost
  • 1 day Airbnb In Acquisition Mode Ahead Of IPO
  • 1 day Gold Hangs At $1,300 Ahead Of Fed Meeting
  • 2 days Champagne Sales Slow As European Economic Worries Grow Louder
  • 2 days Putin Signs “Digital Iron Curtain” Into Law
  • 2 days Russian Metals Magnate Sues U.S. Over Sanctions
  • 2 days Tesla Looks To Jump Into Indian Market
  • 3 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
  • 3 days Homeowners Experiment With Risky New Investment Trend
  • 3 days U.S. Tech Stocks Look Increasingly Vulnerable
  • 3 days De Beers To Expand World’s Most Profitable Diamond Mine
  • 4 days Ford CEO Gets Raise After Massive Layoff Round
  • 4 days Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 4 days Where To Look As Gold Miners Inch Higher
  • 5 days Google Faces Billions In Fines From European Regulators
  • 5 days The Energy Industry Has A Millennial Problem
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

  1. Home
  2. Markets
  3. Other

GDPNow Forecast Sinks to 1.8% Following Advance Economic Indicators Reports

Today the Census Department released its first "Advance Economic Indicators Report". The new report adds wholesale and retail inventories to its existing International Trade in Goods report.

For details see Trade Deficit Widens as Imports Rise More Than Exports; Advance Economic Indicators Initial Release.

Following the report, the GDPNow Forecast dropped 0.5 percentage points to 1.8%.


Latest forecast: 1.8 percent - July 28, 2016

GDPNow 2016-07-26

The final GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2016 is 1.8 percent on July 28, down from 2.3 percent on July 27. After the U.S. Census Bureau's inaugural release of its advance economic indicators report, which covers retail and wholesale inventories and foreign trade in goods, the nowcast of the contribution of net exports to second-quarter real GDP growth declined from 0.17 percentage points to -0.10 percentage points and the nowcast of the contribution of inventory investment to growth declined from -0.63 percentage points to -0.79 percentage points.

That is the final DGPNow forecast for the second quarter.

The "Advance" BEA Gross Domestic Product, for 2nd quarter 2016 comes out tomorrow. The next GDPNow forecast will be for third quarter.

Note how lagging these BEA GDP reports are. The third quarter is nearly a third over and we will just now get data for the second quarter (and it will be revised again and again).

 

Back to homepage

Leave a comment

Leave a comment