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Economy

Economic Data (USA)

Thursday, April 28, 2016

Gross Domestic Product (GDP) "Advance" Released Today for Q1, 2016

The U.S. Gross Domestic Product (GDP) "advance" report for the first quarter of 2016 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Atlanta Fed Prediction: +0.6%
Actual: +0.5%

The highlighted figure represents the quarter-to-quarter change in the Gross Domestic Product for the United States.

The GDP is the broadest measure of economic activity in the entire United States, covering all sectors of the economy.

The "advance" estimate is based on data that are incomplete or subject to future revision.

  • On May 27, 2016, the Commerce Department will release a "preliminary" GDP report for Q1 2016, which will contain more accurate data.

  • On June 28, 2016, a "final" GDP report will be released by the BEA, which will contain the most accurate and authoritative data for Q1 2016.

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

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