Gross Domestic Product (GDP): Second Estimate for Q2, 2020

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the second quarter of 2020:

Predicted: -32.9%
Actual: -31.7%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

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"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $226.9 billion in the second quarter, compared with a decrease of $276.2 billion in the first quarter.

Profits of domestic financial corporations increased $39.5 billion in the second quarter, in contrast to a decrease of $42.2 billion in the first quarter. Profits of domestic nonfinancial corporations decreased $170.1 billion, compared with a decrease of $190.5 billion. Rest-of-the-world profits decreased $96.2 billion, compared with a decrease of $43.5 billion. In the second quarter, receipts decreased $139.7 billion, and payments decreased $43.4 billion..."

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"...Coronavirus (COVID-19) Impact on the Second-Quarter 2020 GDP Estimate

The decline in second quarter GDP reflected the response to COVID-19, as “stay-at-home” orders issued in March and April were partially lifted in some areas of the country in May and June, and government pandemic assistance payments were distributed to households and businesses. This led to rapid shifts in activity, as businesses and schools continued remote work and consumers and businesses canceled, restricted, or redirected their spending. The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the second quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified..."

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CHART: GDP, Second Quarter 2020, Second Estimate

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• On September 30, 2020, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the second quarter of 2020.

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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Gross Domestic Product (GDP): Second Estimate for Q1, 2020

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the first quarter of 2020:

Predicted: -5.0%
Actual: -5.0%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $295.4 billion in the first quarter, in contrast to an increase of $53.0 billion in the fourth quarter (table 10).

Profits of domestic financial corporations decreased $67.4 billion in the first quarter, in contrast to an increase of $0.7 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $169.5 billion, in contrast to an increase of $53.7 billion. Rest-of-the-world profits decreased $58.6 billion, compared with a decrease of $1.4 billion. In the first quarter, receipts decreased $72.7 billion,
and payments decreased $14.2 billion..."

============

"...Coronavirus (COVID-19) Impact on the First-Quarter 2020 GDP Estimate

The decline in first quarter GDP reflected the response to the spread of COVID-19, as governments issued “stay-at-home” orders in March. This led to rapid changes in demand, as businesses and schools switched to remote work or canceled operations, and consumers canceled, restricted, or redirected their spending.  The full economic effects of the COVID-19 pandemic cannot be quantified in the GDP estimate for the first quarter of 2020 because the impacts are generally embedded in source data and cannot be separately identified..."

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GDP, First Quarter 2020, Second Estimate

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• On June 25, 2020, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the first quarter of 2020.

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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Gross Domestic Product (GDP): Third (Final) Estimate for Q4, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the fourth quarter of 2019:

============

Predicted: +2.1%

• Actual: +2.1%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits, Fourth Quarter and 2019

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $53.0 billion in the fourth quarter, in contrast to a decrease of $4.7 billion in the third quarter.

Profits of domestic financial corporations increased $0.7 billion in the fourth quarter, in contrast to a decrease of $4.7 billion in the third quarter. Profits of domestic nonfinancial corporations increased $53.7 billion, in contrast to a decrease of $5.5 billion. Rest-of-the-world profits decreased $1.4 billion, in contrast to an increase of $5.5 billion. In the fourth quarter, receipts increased $3.4 billion, and payments increased $4.8 billion.

In 2019, profits from current production were unchanged, compared with an increase of $68.7 billion in 2018. Profits of domestic financial corporations increased $7.1 billion, compared with an increase of $11.1 billion. Profits of domestic nonfinancial corporations decreased $36.4 billion, in contrast to an increase of $10.0 billion. Rest-of-the-world profits increased $29.3 billion, compared with an increase of $47.6 billion..."

 
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Chart: GDP, Fourth Quarter 2019, Third / Final Estimate

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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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Gross Domestic Product (GDP): Third (Final) Estimate for Q3, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the third quarter of 2019:

============

Predicted: +2.1%

• Actual: +2.1%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $4.7 billion in the third quarter, in contrast to an increase of $75.8 billion in the second quarter.

Profits of domestic financial corporations decreased $4.7 billion in the third quarter, in contrast to an increase of $2.5 billion in the second quarter. Profits of domestic nonfinancial corporations decreased $5.5 billion, in contrast to an increase of $34.7 billion. Rest-of-the-world profits increased $5.5 billion, compared with an increase of $38.7 billion. In the third quarter, receipts decreased $10.0 billion, and payments decreased $15.5 billion..."

 
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Chart: GDP, Third Quarter 2019, Third / Final Estimate

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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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Gross Domestic Product (GDP): Third (Final) Estimate for Q2, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the second quarter of 2019:

============

Predicted: +2.0%

• Actual: +2.0%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $75.8 billion in the second quarter, in contrast to a decrease of $78.7 billion in the first quarter.

Profits of domestic financial corporations increased $2.5 billion in the second quarter, compared with an increase of $22.2 billion in the first quarter. Profits of domestic nonfinancial corporations increased $34.7 billion, in contrast to a decrease of $108.2 billion. Rest-of-the-world profits increased $38.7 billion, compared with an increase of $7.3 billion. In the second quarter, receipts increased $25.3 billion, and payments decreased $13.4 billion..."

 
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Chart: GDP, Second Quarter 2019, Third / Final Estimate

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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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Gross Domestic Product (GDP): Second Estimate for Q2, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the second quarter of 2019 :

============

Predicted: +2.0%

• Actual: +2.0%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $105.8 billion in the second quarter, in contrast to a decrease of $78.7 billion in the first quarter.

Profits of domestic financial corporations increased $4.0 billion in the second quarter, compared with an increase of $22.2 billion in the first quarter. Profits of domestic nonfinancial corporations increased $43.5 billion, in contrast to a decrease of $108.2 billion. Rest-of-the-world profits increased $58.3 billion, compared with an increase of $7.3 billion. In the second quarter, receipts increased $39.9 billion, and payments decreased $18.5 billion..."

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GDP, Second Quarter 2019, Second Estimate

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• On September 26, 2019 a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the second quarter of  2019.

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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Gross Domestic Product (GDP): Third (Final) Estimate for Q1, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the first quarter of 2019:

Predicted: +3.1%
Actual: +3.1%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $59.3 billion in the first quarter, compared with a decrease of $9.7 billion in the fourth quarter.

Profits of domestic financial corporations increased $1.4 billion in the first quarter, in contrast to a decrease of $25.2 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $68.1 billion, in contrast to an increase of $13.6 billion. Rest-of-the-world profits increased $7.4 billion, compared with an increase of $1.9 billion. In the first quarter, receipts increased $13.8 billion, and payments increased $6.4 billion..."

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•  Real GDP rose by 2.9% in 2018.

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Chart: GDP, First Quarter 2019, Third / Final Estimate

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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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Gross Domestic Product (GDP): Second Estimate for Q1, 2019

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the first quarter of 2019 :

Predicted: +3.0%
Actual: +3.1%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $65.4 billion in the first quarter, compared with a decrease of $9.7 billion in the fourth quarter.

Profits of domestic financial corporations increased $7.4 billion in the first quarter, in contrast to a decrease of $25.2 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $62.1 billion, in contrast to an increase of $13.6 billion. Rest-of-the-world profits decreased $10.7 billion, in contrast to an increase of $1.9 billion. In the first quarter, receipts increased $4.0 billion, and payments increased $14.8 billion..."

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GDP, First Quarter 2019, Second Estimate

============

• On June 27, 2019, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the first quarter of  2019.

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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Gross Domestic Product (GDP): Third (Final) Estimate for Q4, 2018

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the fourth quarter of 2018:

Predicted: +2.2%
Actual: +2.2%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $9.7 billion in the fourth quarter, in contrast to an increase of $78.2 billion in the third quarter.

Profits of domestic financial corporations decreased $25.2 billion in the fourth quarter, compared with a decrease of $6.1 billion in the third quarter. Profits of domestic nonfinancial corporations increased $13.6 billion, compared with an increase of $83.0 billion. Rest-of-the-world profits increased $1.9 billion, compared with an increase of $1.3 billion. In the fourth quarter, receipts increased $8.8 billion, and payments increased $6.9 billion..."

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•  Real GDP rose by 2.9% in 2018.

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Chart: GDP, Fourth Quarter 2018, Third / Final Estimate

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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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Gross Domestic Product (GDP): Third (Final) Estimate for Q3, 2018

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its third and final estimate for U.S. Real Gross Domestic Product (GDP) for the third quarter of 2018 :

Predicted: +3.5%
Actual: +3.4%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $78.2 billion in the third quarter, compared with an increase of $65.0 billion in the second quarter.

Profits of domestic financial corporations decreased $6.1 billion in the third quarter, in contrast to an increase of $16.5 billion in the second quarter. Profits of domestic nonfinancial corporations increased $83.0 billion, compared with an increase of $53.0 billion. Rest-of-the-world  profits increased $1.3 billion, in contrast to a decrease of $4.5 billion. In the third quarter, receipts decreased $9.5 billion, and payments decreased $10.8 billion..."

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Chart: GDP, Third Quarter 2018, Third / Final Estimate

============

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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Gross Domestic Product (GDP): Second Estimate for Q3, 2018

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the third quarter of 2018 :

Predicted: +3.5%
Actual: +3.5%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $76.0 billion in the third quarter, compared with an increase of $65.0 billion in the second quarter.

Profits of domestic financial corporations decreased $7.8 billion in the third quarter, in contrast to an increase of $16.5 billion in the second quarter. Profits of domestic nonfinancial corporations increased $66.2 billion, compared with an increase of $53.0 billion. Rest-of-the-world profits increased $17.6 billion, in contrast to a decrease of $4.5 billion. In the third quarter, receipts decreased $7.7 billion, and payments decreased $25.3 billion..."

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GDP, Third Quarter 2018, Second Estimate

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• On December 21, 2018, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the third quarter of  2018.

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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Gross Domestic Product (GDP): Final Estimate for Q2, 2018

U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the second quarter of 2018 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +4.3%
Actual: +4.2%

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

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Corporate Profits

"...Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $65.0 billion in the second quarter, compared with an increase of $26.7 billion in the first quarter.


Profits of domestic financial corporations increased $16.5 billion in the second quarter, in contrast to a decrease of $9.3 billion in the firstquarter. Profits of domestic nonfinancial corporations increased $53.0 billion, compared with an increase of $32.3 billion. Rest-of-the-world profits decreased $4.5 billion, in contrast to an increase of $3.7 billion. In the second quarter, receipts increased $0.5 billion, and payments increased $5.0 billion..."

============

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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Gross Domestic Product (GDP): Second Estimate for Q2, 2018

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the second quarter of 2018 :

Predicted: +4.0%
Actual: +4.2%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $72.4 billion in the second quarter, compared with an increase of $26.7 billion in the first quarter.

Profits of domestic financial corporations increased $16.8 billion in the second quarter, in contrast to a decrease of $9.3 billion in the first quarter. Profits of domestic nonfinancial corporations increased $63.6 billion, compared with an increase of $32.3 billion. Rest-of-the-world profits decreased $8.0 billion, in contrast to an increase of $3.7 billion. In the second quarter, receipts decreased $6.0 billion, and payments increased $2.0 billion..."

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GDP, Second Quarter 2018, Second Estimate

============

• On September 27, 2018, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the second quarter of  2018.

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).
  
  
• Click here to view the TECHNICAL NOTE (PDF).

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Gross Domestic Product (GDP): Final Estimate for Q1, 2018

U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the first quarter of 2018 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.2%
Actual: +2.0%

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

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Corporate Profits

"...Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $39.5 billion in the first quarter, in contrast to a decrease of $1.1 billion in the fourth quarter.

Profits of domestic financial corporations increased $7.0 billion in the first quarter, in contrast to a decrease of $14.6 billion in the fourth quarter. Profits of domestic nonfinancial corporations increased$28.8 billion, compared with an increase of $19.4 billion. Rest-of-the-world  profits increased $3.7 billion, in contrast to a decrease of $5.9 billion. In the first quarter, receipts increased $20.9 billion, and payments increased $17.2 billion..."

============

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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Gross Domestic Product (GDP): Second Estimate for Q1, 2018

Earlier this morning, the Commerce Department's Bureau of Economic Analysis (BEA) released its second estimate for U.S. Real Gross Domestic Product (GDP) for the first quarter of 2018 :

Predicted: +2.2%
Actual: +2.2%

The yellow-highlighted percentage represents the quarter-to-quarter change for Real Gross Domestic Product for the entire United States.

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) decreased $12.4 billion in the first quarter, compared with a decrease of $1.1 billion in the fourth quarter.

Profits of domestic financial corporations increased $2.2 billion in the first quarter, in contrast to a decrease of $14.6 billion in the fourth quarter. Profits of domestic nonfinancial corporations decreased $19.0 billion, in contrast to an increase of $19.4 billion. Rest-of-the-world profits increased $4.4 billion, in contrast to a decrease of $5.9 billion. In the first quarter, receipts increased $20.0 billion, and payments increased $15.7 billion.

The 2017 Tax Cuts and Jobs Act includes several provisions that impact the business income statistics in the national income and product accounts (NIPAs). The provisions do not directly impact corporate profits from current production or GDI but do impact taxes on corporate income and net dividends in the first quarter of 2018. For more information, see the Technical Note..."

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GDP, First Quarter 2018, Second Estimate

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• On June 28, 2018, a third and "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the first quarter of  2018.

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).
  
  
• Click here to view the May 30, 2018 TECHNICAL NOTE (PDF).

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Gross Domestic Product (GDP): Final Estimate for Q4, 2017

U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the fourth  quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.7%
Actual: +2.9%

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

============

Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital
consumption adjustment) decreased $1.1 billion in the fourth quarter, in contrast to an increase of
$90.2 billion in the third quarter.

Profits of domestic financial corporations decreased $14.6 billion in the fourth quarter, in contrast to
an increase of $47.8 billion in the third. Profits of domestic nonfinancial corporations increased $19.4
billion, compared with an increase of $10.4 billion. Rest-of-the-world  profits decreased $5.9 billion, in contrast to an increase of $32.0 billion. In the fourth quarter, receipts increased $14.9 billion, and
payments increased $20.8 billion.

In 2017, profits from current production increased $91.2 billion, in contrast to a decrease of $44.0
billion in 2016. Profits of domestic financial corporations increased $15.7 billion, in contrast to a
decrease of $2.0 billion. Profits of domestic nonfinancial corporations increased $37.4 billion, in contrast to a decrease of $51.7 billion. The rest-of-the-world component of profits increased $38.0 billion, compared with an increase of $9.8 billion..

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GDP, Fourth Quarter 2017, Final Estimate

============

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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Gross Domestic Product (GDP): Final Estimate for Q3, 2017

U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the third quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +3.3%
Actual: +3.2%

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

============

Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital
consumption adjustment) increased $90.2 billion in the third quarter, compared with an increase of
$14.4 billion in the second quarter.

Profits of domestic financial corporations increased $47.8 billion in the third quarter, in contrast to a decrease of $33.8 billion in the second. Profits of domestic nonfinancial corporations increased $10.4 billion, compared with an increase of $59.1 billion. Rest-of-the-world  profits increased $32.0 billion, in contrast to a decrease of $10.8 billion. In the third quarter, receipts increased $26.9 billion, and payments decreased $5.2 billion.

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GDP, Third Quarter 2017, Final Estimate

============

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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Gross Domestic Product (GDP): Second Estimate for Q3, 2017

The U.S. Gross Domestic Product (GDP) "preliminary" (second estimate) report for the third quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +3.3%
Actual: +3.3%

The highlighted percentage represents the quarter-to-quarter change in the Gross Domestic Product for the United States (preliminary = second estimate.)

============

"...Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $91.6 billion in the third quarter, compared with an increase of $14.4 billion in the second quarter.

Profits of domestic financial corporations increased $60.6 billion in the third quarter, in contrast to a decrease of $33.8 billion in the second quarter. Profits of domestic non-financial corporations increased $12.5 billion, compared with an increase of $59.1 billion. Rest-of-the-world profits increased $18.6..."

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GDP, Third Quarter 2017, Preliminary (Second Estimate)

============

• On December 21, 2017, a "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the third quarter of  2017.

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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Gross Domestic Product (GDP): Final Estimate for Q2, 2017

U.S. Gross Domestic Product (GDP) "final" (third estimate) report for the second quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +3.1%
Actual: +3.1%

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

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Corporate Profits

Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $14.4 billion in the second quarter, in contrast to a decrease of
$46.2 billion in the first quarter.

Profits of domestic financial corporations decreased $33.8 billion in the second quarter, compared with a decrease of $40.7 billion in the first. Profits of domestic nonfinancial corporations increased $59.1 billion, compared with an increase of $3.8 billion. Rest-of-the-world profits decreased $10.8 billion, compared with a decrease of $9.3 billion. In the second quarter, receipts increased $5.5 billion, and payments increased $16.3 billion..

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GDP, Second Quarter 2017, Final Estimate

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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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Gross Domestic Product (GDP): Second Estimate for Q2, 2017

The U.S. Gross Domestic Product (GDP) "preliminary" (second estimate) report for the second quarter of 2017 was released this morning by the Commerce Department's Bureau of Economic Analysis (BEA):

Predicted: +2.8%
Actual: +3.0%

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.

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"...Corporate Profits (Preliminary Estimate, Second Quarter 2017)

Profits from current production (corporate profits with inventory valuation adjustment and capital consumption adjustment) increased $26.8 billion in the second quarter, in contrast to a decrease of $46.2 billion in the first quarter.

Profits of domestic financial corporations decreased $29.4 billion in the second quarter, compared with a decrease of $40.7 billion in the first quarter. Profits of domestic nonfinancial corporations increased $64.8 billion, compared with an increase of $3.8 billion. The rest-of-the-world component of profits decreased $8.6 billion, compared with a decrease of $9.3 billion. This measure is calculated as the difference between receipts from the rest of the world and payments to the rest of the world. In the second quarter, receipts increased $8.5 billion, and payments increased $17.1 billion..."

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GDP, Second Quarter 2017, Preliminary (Second Estimate)

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• On September 28, 2017, a "final" GDP estimate will be released by the BEA, which will contain the most accurate and authoritative data for the second quarter of  2017.

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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