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Economy

Economic Data (USA)

Friday, February 26, 2016

Gross Domestic Product (GDP) "Preliminary" Released Today for Q4 2015

U.S. Gross Domestic Product (GDP) "preliminary" report for the fourth quarter of 2015 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +0.4%
Actual: +1.0%

The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.)  The "predicted" figure is what economists were expecting, while the "actual" is the actual or real figure.

The final GDP report for Q4 2015, which will contain the most authoritative data for the fourth quarter, will be released on March 25, 2016.

The GDP is a very broad measure of economic activity for the entire United States, covering all sectors of the economy. The Commerce Department defines real GDP as, "the output of goods and services produced by labor and property located in the United States."

Click here to view the full Commerce Department report (PDF).

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